Minimum Household Income
$123,124
Mortgage Plan
Expenses
Stamp Duty [1]
658,763
Agent Commission [2]
175,670
Sub Total
834,433
Deposit
Initial Deposit (5%) [3]
878,350
S & P Agreement (5%) [3]
878,350
Further Down Payment
3,513,400
Sub Total
5,270,100
Total Cash Outlay
6,104,533
Financing
12,296,900
Total Interest Payable
6,171,700
Total Repayment
18,468,600
Monthly Repayment
61,562
[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.