Minimum Household Income
$74,994
Mortgage Plan
Expenses
Stamp Duty [1]
401,250
Agent Commission [2]
107,000
Sub Total
508,250
Deposit
Initial Deposit (5%) [3]
535,000
S & P Agreement (5%) [3]
535,000
Further Down Payment
2,140,000
Sub Total
3,210,000
Total Cash Outlay
3,718,250
Financing
7,490,000
Total Interest Payable
3,759,100
Total Repayment
11,249,100
Monthly Repayment
37,497
[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.