Minimum Household Income
$112,140
Mortgage Plan
Expenses
Stamp Duty [1]
600,000
Agent Commission [2]
160,000
Sub Total
760,000
Deposit
Initial Deposit (5%) [3]
800,000
S & P Agreement (5%) [3]
800,000
Further Down Payment
3,200,000
Sub Total
4,800,000
Total Cash Outlay
5,560,000
Financing
11,200,000
Total Interest Payable
5,621,000
Total Repayment
16,821,000
Monthly Repayment
56,070
[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.