Minimum Household Income
$127,910
Mortgage Plan
Expenses
Stamp Duty [1]
684,375
Agent Commission [2]
182,500
Sub Total
866,875
Deposit
Initial Deposit (5%) [3]
912,500
S & P Agreement (5%) [3]
912,500
Further Down Payment
3,650,000
Sub Total
5,475,000
Total Cash Outlay
6,341,875
Financing
12,775,000
Total Interest Payable
6,411,500
Total Repayment
19,186,500
Monthly Repayment
63,955
[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.