Minimum Household Income
$75,204
Mortgage Plan
Expenses
Stamp Duty [1]
402,375
Agent Commission [2]
107,300
Sub Total
509,675
Deposit
Initial Deposit (5%) [3]
536,500
S & P Agreement (5%) [3]
536,500
Further Down Payment
2,146,000
Sub Total
3,219,000
Total Cash Outlay
3,728,675
Financing
7,511,000
Total Interest Payable
3,769,600
Total Repayment
11,280,600
Monthly Repayment
37,602
[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.