Minimum Household Income
$81,302
Mortgage Plan
Expenses
Stamp Duty [1]
435,000
Agent Commission [2]
116,000
Sub Total
551,000
Deposit
Initial Deposit (5%) [3]
580,000
S & P Agreement (5%) [3]
580,000
Further Down Payment
2,320,000
Sub Total
3,480,000
Total Cash Outlay
4,031,000
Financing
8,120,000
Total Interest Payable
4,075,300
Total Repayment
12,195,300
Monthly Repayment
40,651
[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.