Minimum Household Income
$78,498
Mortgage Plan
Expenses
Stamp Duty [1]
420,000
Agent Commission [2]
112,000
Sub Total
532,000
Deposit
Initial Deposit (5%) [3]
560,000
S & P Agreement (5%) [3]
560,000
Further Down Payment
2,240,000
Sub Total
3,360,000
Total Cash Outlay
3,892,000
Financing
7,840,000
Total Interest Payable
3,934,700
Total Repayment
11,774,700
Monthly Repayment
39,249
[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.