Minimum Household Income
$73,592
Mortgage Plan
Expenses
Stamp Duty [1]
393,750
Agent Commission [2]
105,000
Sub Total
498,750
Deposit
Initial Deposit (5%) [3]
525,000
S & P Agreement (5%) [3]
525,000
Further Down Payment
2,100,000
Sub Total
3,150,000
Total Cash Outlay
3,648,750
Financing
7,350,000
Total Interest Payable
3,688,800
Total Repayment
11,038,800
Monthly Repayment
36,796
[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.