Minimum Household Income
$122,304
Mortgage Plan
Expenses
Stamp Duty [1]
654,375
Agent Commission [2]
174,500
Sub Total
828,875
Deposit
Initial Deposit (5%) [3]
872,500
S & P Agreement (5%) [3]
872,500
Further Down Payment
3,490,000
Sub Total
5,235,000
Total Cash Outlay
6,063,875
Financing
12,215,000
Total Interest Payable
6,130,600
Total Repayment
18,345,600
Monthly Repayment
61,152
[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.