Minimum Household Income
$127,560
Mortgage Plan
Expenses
Stamp Duty [1]
682,500
Agent Commission [2]
182,000
Sub Total
864,500
Deposit
Initial Deposit (5%) [3]
910,000
S & P Agreement (5%) [3]
910,000
Further Down Payment
3,640,000
Sub Total
5,460,000
Total Cash Outlay
6,324,500
Financing
12,740,000
Total Interest Payable
6,394,000
Total Repayment
19,134,000
Monthly Repayment
63,780
[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.