Minimum Household Income
$135,970
Mortgage Plan
Expenses
Stamp Duty [1]
727,500
Agent Commission [2]
194,000
Sub Total
921,500
Deposit
Initial Deposit (5%) [3]
970,000
S & P Agreement (5%) [3]
970,000
Further Down Payment
3,880,000
Sub Total
5,820,000
Total Cash Outlay
6,741,500
Financing
13,580,000
Total Interest Payable
6,815,500
Total Repayment
20,395,500
Monthly Repayment
67,985
[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.