Minimum Household Income
$130,364
Mortgage Plan
Expenses
Stamp Duty [1]
697,500
Agent Commission [2]
186,000
Sub Total
883,500
Deposit
Initial Deposit (5%) [3]
930,000
S & P Agreement (5%) [3]
930,000
Further Down Payment
3,720,000
Sub Total
5,580,000
Total Cash Outlay
6,463,500
Financing
13,020,000
Total Interest Payable
6,534,600
Total Repayment
19,554,600
Monthly Repayment
65,182
[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.