Minimum Household Income
$93,778
Mortgage Plan
Expenses
Stamp Duty [1]
501,750
Agent Commission [2]
133,800
Sub Total
635,550
Deposit
Initial Deposit (5%) [3]
669,000
S & P Agreement (5%) [3]
669,000
Further Down Payment
2,676,000
Sub Total
4,014,000
Total Cash Outlay
4,649,550
Financing
9,366,000
Total Interest Payable
4,700,700
Total Repayment
14,066,700
Monthly Repayment
46,889
[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.