Minimum Household Income
$76,396
Mortgage Plan
Expenses
Stamp Duty [1]
408,750
Agent Commission [2]
109,000
Sub Total
517,750
Deposit
Initial Deposit (5%) [3]
545,000
S & P Agreement (5%) [3]
545,000
Further Down Payment
2,180,000
Sub Total
3,270,000
Total Cash Outlay
3,787,750
Financing
7,630,000
Total Interest Payable
3,829,400
Total Repayment
11,459,400
Monthly Repayment
38,198
[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.