Minimum Household Income
$120,144
Mortgage Plan
Expenses
Stamp Duty [1]
642,825
Agent Commission [2]
171,420
Sub Total
814,245
Deposit
Initial Deposit (5%) [3]
857,100
S & P Agreement (5%) [3]
857,100
Further Down Payment
3,428,400
Sub Total
5,142,600
Total Cash Outlay
5,956,845
Financing
11,999,400
Total Interest Payable
6,022,200
Total Repayment
18,021,600
Monthly Repayment
60,072
[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.