Minimum Household Income
$103,030
Mortgage Plan
Expenses
Stamp Duty [1]
551,250
Agent Commission [2]
147,000
Sub Total
698,250
Deposit
Initial Deposit (5%) [3]
735,000
S & P Agreement (5%) [3]
735,000
Further Down Payment
2,940,000
Sub Total
4,410,000
Total Cash Outlay
5,108,250
Financing
10,290,000
Total Interest Payable
5,164,500
Total Repayment
15,454,500
Monthly Repayment
51,515
[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.