Minimum Household Income
$118,308
Mortgage Plan
Expenses
Stamp Duty [1]
633,000
Agent Commission [2]
168,800
Sub Total
801,800
Deposit
Initial Deposit (5%) [3]
844,000
S & P Agreement (5%) [3]
844,000
Further Down Payment
3,376,000
Sub Total
5,064,000
Total Cash Outlay
5,865,800
Financing
11,816,000
Total Interest Payable
5,930,200
Total Repayment
17,746,200
Monthly Repayment
59,154
[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.