Minimum Household Income
$91,816
Mortgage Plan
Expenses
Stamp Duty [1]
491,250
Agent Commission [2]
131,000
Sub Total
622,250
Deposit
Initial Deposit (5%) [3]
655,000
S & P Agreement (5%) [3]
655,000
Further Down Payment
2,620,000
Sub Total
3,930,000
Total Cash Outlay
4,552,250
Financing
9,170,000
Total Interest Payable
4,602,400
Total Repayment
13,772,400
Monthly Repayment
45,908
[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.