Minimum Household Income
$110,738
Mortgage Plan
Expenses
Stamp Duty [1]
592,500
Agent Commission [2]
158,000
Sub Total
750,500
Deposit
Initial Deposit (5%) [3]
790,000
S & P Agreement (5%) [3]
790,000
Further Down Payment
3,160,000
Sub Total
4,740,000
Total Cash Outlay
5,490,500
Financing
11,060,000
Total Interest Payable
5,550,700
Total Repayment
16,610,700
Monthly Repayment
55,369
[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.