Minimum Household Income
$132,326
Mortgage Plan
Expenses
Stamp Duty [1]
708,000
Agent Commission [2]
188,800
Sub Total
896,800
Deposit
Initial Deposit (5%) [3]
944,000
S & P Agreement (5%) [3]
944,000
Further Down Payment
3,776,000
Sub Total
5,664,000
Total Cash Outlay
6,560,800
Financing
13,216,000
Total Interest Payable
6,632,900
Total Repayment
19,848,900
Monthly Repayment
66,163
[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.