Minimum Household Income
$71,490
Mortgage Plan
Expenses
Stamp Duty [1]
382,500
Agent Commission [2]
102,000
Sub Total
484,500
Deposit
Initial Deposit (5%) [3]
510,000
S & P Agreement (5%) [3]
510,000
Further Down Payment
2,040,000
Sub Total
3,060,000
Total Cash Outlay
3,544,500
Financing
7,140,000
Total Interest Payable
3,583,500
Total Repayment
10,723,500
Monthly Repayment
35,745
[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.