Minimum Household Income
$84,106
Mortgage Plan
Expenses
Stamp Duty [1]
450,000
Agent Commission [2]
120,000
Sub Total
570,000
Deposit
Initial Deposit (5%) [3]
600,000
S & P Agreement (5%) [3]
600,000
Further Down Payment
2,400,000
Sub Total
3,600,000
Total Cash Outlay
4,170,000
Financing
8,400,000
Total Interest Payable
4,215,900
Total Repayment
12,615,900
Monthly Repayment
42,053
[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.