Minimum Household Income
$82,354
Mortgage Plan
Expenses
Stamp Duty [1]
440,625
Agent Commission [2]
117,500
Sub Total
558,125
Deposit
Initial Deposit (5%) [3]
587,500
S & P Agreement (5%) [3]
587,500
Further Down Payment
2,350,000
Sub Total
3,525,000
Total Cash Outlay
4,083,125
Financing
8,225,000
Total Interest Payable
4,128,100
Total Repayment
12,353,100
Monthly Repayment
41,177
[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.