Minimum Household Income
$104,852
Mortgage Plan
Expenses
Stamp Duty [1]
561,000
Agent Commission [2]
149,600
Sub Total
710,600
Deposit
Initial Deposit (5%) [3]
748,000
S & P Agreement (5%) [3]
748,000
Further Down Payment
2,992,000
Sub Total
4,488,000
Total Cash Outlay
5,198,600
Financing
10,472,000
Total Interest Payable
5,255,800
Total Repayment
15,727,800
Monthly Repayment
52,426
[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.