Minimum Household Income
$124,756
Mortgage Plan
Expenses
Stamp Duty [1]
667,500
Agent Commission [2]
178,000
Sub Total
845,500
Deposit
Initial Deposit (5%) [3]
890,000
S & P Agreement (5%) [3]
890,000
Further Down Payment
3,560,000
Sub Total
5,340,000
Total Cash Outlay
6,185,500
Financing
12,460,000
Total Interest Payable
6,253,400
Total Repayment
18,713,400
Monthly Repayment
62,378
[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.