Minimum Household Income
$89,712
Mortgage Plan
Expenses
Stamp Duty [1]
480,000
Agent Commission [2]
128,000
Sub Total
608,000
Deposit
Initial Deposit (5%) [3]
640,000
S & P Agreement (5%) [3]
640,000
Further Down Payment
2,560,000
Sub Total
3,840,000
Total Cash Outlay
4,448,000
Financing
8,960,000
Total Interest Payable
4,496,800
Total Repayment
13,456,800
Monthly Repayment
44,856
[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.