Minimum Household Income
$98,124
Mortgage Plan
Expenses
Stamp Duty [1]
525,000
Agent Commission [2]
140,000
Sub Total
665,000
Deposit
Initial Deposit (5%) [3]
700,000
S & P Agreement (5%) [3]
700,000
Further Down Payment
2,800,000
Sub Total
4,200,000
Total Cash Outlay
4,865,000
Financing
9,800,000
Total Interest Payable
4,918,600
Total Repayment
14,718,600
Monthly Repayment
49,062
[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.