Minimum Household Income
$105,132
Mortgage Plan
Expenses
Stamp Duty [1]
562,500
Agent Commission [2]
150,000
Sub Total
712,500
Deposit
Initial Deposit (5%) [3]
750,000
S & P Agreement (5%) [3]
750,000
Further Down Payment
3,000,000
Sub Total
4,500,000
Total Cash Outlay
5,212,500
Financing
10,500,000
Total Interest Payable
5,269,800
Total Repayment
15,769,800
Monthly Repayment
52,566
[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.