Minimum Household Income
$79,060
Mortgage Plan
Expenses
Stamp Duty [1]
423,000
Agent Commission [2]
112,800
Sub Total
535,800
Deposit
Initial Deposit (5%) [3]
564,000
S & P Agreement (5%) [3]
564,000
Further Down Payment
2,256,000
Sub Total
3,384,000
Total Cash Outlay
3,919,800
Financing
7,896,000
Total Interest Payable
3,963,000
Total Repayment
11,859,000
Monthly Repayment
39,530
[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.