Minimum Household Income
$83,756
Mortgage Plan
Expenses
Stamp Duty [1]
448,125
Agent Commission [2]
119,500
Sub Total
567,625
Deposit
Initial Deposit (5%) [3]
597,500
S & P Agreement (5%) [3]
597,500
Further Down Payment
2,390,000
Sub Total
3,585,000
Total Cash Outlay
4,152,625
Financing
8,365,000
Total Interest Payable
4,198,400
Total Repayment
12,563,400
Monthly Repayment
41,878
[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.