Minimum Household Income
$74,854
Mortgage Plan
Expenses
Stamp Duty [1]
400,500
Agent Commission [2]
106,800
Sub Total
507,300
Deposit
Initial Deposit (5%) [3]
534,000
S & P Agreement (5%) [3]
534,000
Further Down Payment
2,136,000
Sub Total
3,204,000
Total Cash Outlay
3,711,300
Financing
7,476,000
Total Interest Payable
3,752,100
Total Repayment
11,228,100
Monthly Repayment
37,427
[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.