Minimum Household Income
$112,000
Mortgage Plan
Expenses
Stamp Duty [1]
599,250
Agent Commission [2]
159,800
Sub Total
759,050
Deposit
Initial Deposit (5%) [3]
799,000
S & P Agreement (5%) [3]
799,000
Further Down Payment
3,196,000
Sub Total
4,794,000
Total Cash Outlay
5,553,050
Financing
11,186,000
Total Interest Payable
5,614,000
Total Repayment
16,800,000
Monthly Repayment
56,000
[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.