Minimum Household Income
$103,660
Mortgage Plan
Expenses
Stamp Duty [1]
554,625
Agent Commission [2]
147,900
Sub Total
702,525
Deposit
Initial Deposit (5%) [3]
739,500
S & P Agreement (5%) [3]
739,500
Further Down Payment
2,958,000
Sub Total
4,437,000
Total Cash Outlay
5,139,525
Financing
10,353,000
Total Interest Payable
5,196,000
Total Repayment
15,549,000
Monthly Repayment
51,830
[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.