Minimum Household Income
$91,114
Mortgage Plan
Expenses
Stamp Duty [1]
487,500
Agent Commission [2]
130,000
Sub Total
617,500
Deposit
Initial Deposit (5%) [3]
650,000
S & P Agreement (5%) [3]
650,000
Further Down Payment
2,600,000
Sub Total
3,900,000
Total Cash Outlay
4,517,500
Financing
9,100,000
Total Interest Payable
4,567,100
Total Repayment
13,667,100
Monthly Repayment
45,557
[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.