Minimum Household Income
$124,770
Mortgage Plan
Expenses
Stamp Duty [1]
667,575
Agent Commission [2]
178,020
Sub Total
845,595
Deposit
Initial Deposit (5%) [3]
890,100
S & P Agreement (5%) [3]
890,100
Further Down Payment
3,560,400
Sub Total
5,340,600
Total Cash Outlay
6,186,195
Financing
12,461,400
Total Interest Payable
6,254,100
Total Repayment
18,715,500
Monthly Repayment
62,385
[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.