Minimum Household Income
$104,432
Mortgage Plan
Expenses
Stamp Duty [1]
558,750
Agent Commission [2]
149,000
Sub Total
707,750
Deposit
Initial Deposit (5%) [3]
745,000
S & P Agreement (5%) [3]
745,000
Further Down Payment
2,980,000
Sub Total
4,470,000
Total Cash Outlay
5,177,750
Financing
10,430,000
Total Interest Payable
5,234,800
Total Repayment
15,664,800
Monthly Repayment
52,216
[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.