Minimum Household Income
$82,704
Mortgage Plan
Expenses
Stamp Duty [1]
442,500
Agent Commission [2]
118,000
Sub Total
560,500
Deposit
Initial Deposit (5%) [3]
590,000
S & P Agreement (5%) [3]
590,000
Further Down Payment
2,360,000
Sub Total
3,540,000
Total Cash Outlay
4,100,500
Financing
8,260,000
Total Interest Payable
4,145,600
Total Repayment
12,405,600
Monthly Repayment
41,352
[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.