Minimum Household Income
$93,218
Mortgage Plan
Expenses
Stamp Duty [1]
498,750
Agent Commission [2]
133,000
Sub Total
631,750
Deposit
Initial Deposit (5%) [3]
665,000
S & P Agreement (5%) [3]
665,000
Further Down Payment
2,660,000
Sub Total
3,990,000
Total Cash Outlay
4,621,750
Financing
9,310,000
Total Interest Payable
4,672,700
Total Repayment
13,982,700
Monthly Repayment
46,609
[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.