Minimum Household Income
$122,654
Mortgage Plan
Expenses
Stamp Duty [1]
656,250
Agent Commission [2]
175,000
Sub Total
831,250
Deposit
Initial Deposit (5%) [3]
875,000
S & P Agreement (5%) [3]
875,000
Further Down Payment
3,500,000
Sub Total
5,250,000
Total Cash Outlay
6,081,250
Financing
12,250,000
Total Interest Payable
6,148,100
Total Repayment
18,398,100
Monthly Repayment
61,327
[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.