Minimum Household Income
$81,862
Mortgage Plan
Expenses
Stamp Duty [1]
438,000
Agent Commission [2]
116,800
Sub Total
554,800
Deposit
Initial Deposit (5%) [3]
584,000
S & P Agreement (5%) [3]
584,000
Further Down Payment
2,336,000
Sub Total
3,504,000
Total Cash Outlay
4,058,800
Financing
8,176,000
Total Interest Payable
4,103,300
Total Repayment
12,279,300
Monthly Repayment
40,931
[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.