Minimum Household Income
$94,618
Mortgage Plan
Expenses
Stamp Duty [1]
506,250
Agent Commission [2]
135,000
Sub Total
641,250
Deposit
Initial Deposit (5%) [3]
675,000
S & P Agreement (5%) [3]
675,000
Further Down Payment
2,700,000
Sub Total
4,050,000
Total Cash Outlay
4,691,250
Financing
9,450,000
Total Interest Payable
4,742,700
Total Repayment
14,192,700
Monthly Repayment
47,309
[1] Exact Stamp Duty to be determined by Government
[2] Exact Real Estate Agent Commission to be confirmed by Real Estate Agent
[3] Normally 5% of the purchase price (Exact % to be negotiated between buyer and seller)
The calculated values are based on assumptions and provide an approximate result for your reference only.