Minimum Household Income
$97,282
Mortgage Plan
Expenses
Stamp Duty [1]
520,500
Agent Commission [2]
138,800
Sub Total
659,300
Deposit
Initial Deposit (5%) [3]
694,000
S & P Agreement (5%) [3]
694,000
Further Down Payment
2,776,000
Sub Total
4,164,000
Total Cash Outlay
4,823,300
Financing
9,716,000
Total Interest Payable
4,876,300
Total Repayment
14,592,300
Monthly Repayment
48,641
[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.