Minimum Household Income
$72,190
Mortgage Plan
Expenses
Stamp Duty [1]
386,250
Agent Commission [2]
103,000
Sub Total
489,250
Deposit
Initial Deposit (5%) [3]
515,000
S & P Agreement (5%) [3]
515,000
Further Down Payment
2,060,000
Sub Total
3,090,000
Total Cash Outlay
3,579,250
Financing
7,210,000
Total Interest Payable
3,618,500
Total Repayment
10,828,500
Monthly Repayment
36,095
[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.