Minimum Household Income
$118,238
Mortgage Plan
Expenses
Stamp Duty [1]
632,625
Agent Commission [2]
168,700
Sub Total
801,325
Deposit
Initial Deposit (5%) [3]
843,500
S & P Agreement (5%) [3]
843,500
Further Down Payment
3,374,000
Sub Total
5,061,000
Total Cash Outlay
5,862,325
Financing
11,809,000
Total Interest Payable
5,926,700
Total Repayment
17,735,700
Monthly Repayment
59,119
[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.