Minimum Household Income
$104,290
Mortgage Plan
Expenses
Stamp Duty [1]
558,000
Agent Commission [2]
148,800
Sub Total
706,800
Deposit
Initial Deposit (5%) [3]
744,000
S & P Agreement (5%) [3]
744,000
Further Down Payment
2,976,000
Sub Total
4,464,000
Total Cash Outlay
5,170,800
Financing
10,416,000
Total Interest Payable
5,227,500
Total Repayment
15,643,500
Monthly Repayment
52,145
[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.