Minimum Household Income
$108,356
Mortgage Plan
Expenses
Stamp Duty [1]
579,750
Agent Commission [2]
154,600
Sub Total
734,350
Deposit
Initial Deposit (5%) [3]
773,000
S & P Agreement (5%) [3]
773,000
Further Down Payment
3,092,000
Sub Total
4,638,000
Total Cash Outlay
5,372,350
Financing
10,822,000
Total Interest Payable
5,431,400
Total Repayment
16,253,400
Monthly Repayment
54,178
[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.