Minimum Household Income
$138,774
Mortgage Plan
Expenses
Stamp Duty [1]
742,500
Agent Commission [2]
198,000
Sub Total
940,500
Deposit
Initial Deposit (5%) [3]
990,000
S & P Agreement (5%) [3]
990,000
Further Down Payment
3,960,000
Sub Total
5,940,000
Total Cash Outlay
6,880,500
Financing
13,860,000
Total Interest Payable
6,956,100
Total Repayment
20,816,100
Monthly Repayment
69,387
[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.