Minimum Household Income
$117,748
Mortgage Plan
Expenses
Stamp Duty [1]
630,000
Agent Commission [2]
168,000
Sub Total
798,000
Deposit
Initial Deposit (5%) [3]
840,000
S & P Agreement (5%) [3]
840,000
Further Down Payment
3,360,000
Sub Total
5,040,000
Total Cash Outlay
5,838,000
Financing
11,760,000
Total Interest Payable
5,902,200
Total Repayment
17,662,200
Monthly Repayment
58,874
[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.