Minimum Household Income
$139,614
Mortgage Plan
Expenses
Stamp Duty [1]
747,000
Agent Commission [2]
199,200
Sub Total
946,200
Deposit
Initial Deposit (5%) [3]
996,000
S & P Agreement (5%) [3]
996,000
Further Down Payment
3,984,000
Sub Total
5,976,000
Total Cash Outlay
6,922,200
Financing
13,944,000
Total Interest Payable
6,998,100
Total Repayment
20,942,100
Monthly Repayment
69,807
[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.