Minimum Household Income
$83,404
Mortgage Plan
Expenses
Stamp Duty [1]
446,250
Agent Commission [2]
119,000
Sub Total
565,250
Deposit
Initial Deposit (5%) [3]
595,000
S & P Agreement (5%) [3]
595,000
Further Down Payment
2,380,000
Sub Total
3,570,000
Total Cash Outlay
4,135,250
Financing
8,330,000
Total Interest Payable
4,180,600
Total Repayment
12,510,600
Monthly Repayment
41,702
[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.