Minimum Household Income
$131,906
Mortgage Plan
Expenses
Stamp Duty [1]
705,750
Agent Commission [2]
188,200
Sub Total
893,950
Deposit
Initial Deposit (5%) [3]
941,000
S & P Agreement (5%) [3]
941,000
Further Down Payment
3,764,000
Sub Total
5,646,000
Total Cash Outlay
6,539,950
Financing
13,174,000
Total Interest Payable
6,611,900
Total Repayment
19,785,900
Monthly Repayment
65,953
[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.