Minimum Household Income
$96,020
Mortgage Plan
Expenses
Stamp Duty [1]
513,750
Agent Commission [2]
137,000
Sub Total
650,750
Deposit
Initial Deposit (5%) [3]
685,000
S & P Agreement (5%) [3]
685,000
Further Down Payment
2,740,000
Sub Total
4,110,000
Total Cash Outlay
4,760,750
Financing
9,590,000
Total Interest Payable
4,813,000
Total Repayment
14,403,000
Monthly Repayment
48,010
[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.