Minimum Household Income
$121,112
Mortgage Plan
Expenses
Stamp Duty [1]
648,000
Agent Commission [2]
172,800
Sub Total
820,800
Deposit
Initial Deposit (5%) [3]
864,000
S & P Agreement (5%) [3]
864,000
Further Down Payment
3,456,000
Sub Total
5,184,000
Total Cash Outlay
6,004,800
Financing
12,096,000
Total Interest Payable
6,070,800
Total Repayment
18,166,800
Monthly Repayment
60,556
[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.