Minimum Household Income
$110,388
Mortgage Plan
Expenses
Stamp Duty [1]
590,625
Agent Commission [2]
157,500
Sub Total
748,125
Deposit
Initial Deposit (5%) [3]
787,500
S & P Agreement (5%) [3]
787,500
Further Down Payment
3,150,000
Sub Total
4,725,000
Total Cash Outlay
5,473,125
Financing
11,025,000
Total Interest Payable
5,533,200
Total Repayment
16,558,200
Monthly Repayment
55,194
[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.