Minimum Household Income
$99,524
Mortgage Plan
Expenses
Stamp Duty [1]
532,500
Agent Commission [2]
142,000
Sub Total
674,500
Deposit
Initial Deposit (5%) [3]
710,000
S & P Agreement (5%) [3]
710,000
Further Down Payment
2,840,000
Sub Total
4,260,000
Total Cash Outlay
4,934,500
Financing
9,940,000
Total Interest Payable
4,988,600
Total Repayment
14,928,600
Monthly Repayment
49,762
[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.