Minimum Household Income
$106,534
Mortgage Plan
Expenses
Stamp Duty [1]
570,000
Agent Commission [2]
152,000
Sub Total
722,000
Deposit
Initial Deposit (5%) [3]
760,000
S & P Agreement (5%) [3]
760,000
Further Down Payment
3,040,000
Sub Total
4,560,000
Total Cash Outlay
5,282,000
Financing
10,640,000
Total Interest Payable
5,340,100
Total Repayment
15,980,100
Monthly Repayment
53,267
[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.