Minimum Household Income
$72,050
Mortgage Plan
Expenses
Stamp Duty [1]
385,500
Agent Commission [2]
102,800
Sub Total
488,300
Deposit
Initial Deposit (5%) [3]
514,000
S & P Agreement (5%) [3]
514,000
Further Down Payment
2,056,000
Sub Total
3,084,000
Total Cash Outlay
3,572,300
Financing
7,196,000
Total Interest Payable
3,611,500
Total Repayment
10,807,500
Monthly Repayment
36,025
[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.