Minimum Household Income
$73,452
Mortgage Plan
Expenses
Stamp Duty [1]
393,000
Agent Commission [2]
104,800
Sub Total
497,800
Deposit
Initial Deposit (5%) [3]
524,000
S & P Agreement (5%) [3]
524,000
Further Down Payment
2,096,000
Sub Total
3,144,000
Total Cash Outlay
3,641,800
Financing
7,336,000
Total Interest Payable
3,681,800
Total Repayment
11,017,800
Monthly Repayment
36,726
[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.