Minimum Household Income
$121,252
Mortgage Plan
Expenses
Stamp Duty [1]
648,750
Agent Commission [2]
173,000
Sub Total
821,750
Deposit
Initial Deposit (5%) [3]
865,000
S & P Agreement (5%) [3]
865,000
Further Down Payment
3,460,000
Sub Total
5,190,000
Total Cash Outlay
6,011,750
Financing
12,110,000
Total Interest Payable
6,077,800
Total Repayment
18,187,800
Monthly Repayment
60,626
[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.