Minimum Household Income
$114,104
Mortgage Plan
Expenses
Stamp Duty [1]
610,500
Agent Commission [2]
162,800
Sub Total
773,300
Deposit
Initial Deposit (5%) [3]
814,000
S & P Agreement (5%) [3]
814,000
Further Down Payment
3,256,000
Sub Total
4,884,000
Total Cash Outlay
5,657,300
Financing
11,396,000
Total Interest Payable
5,719,600
Total Repayment
17,115,600
Monthly Repayment
57,052
[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.