Minimum Household Income
$84,386
Mortgage Plan
Expenses
Stamp Duty [1]
451,500
Agent Commission [2]
120,400
Sub Total
571,900
Deposit
Initial Deposit (5%) [3]
602,000
S & P Agreement (5%) [3]
602,000
Further Down Payment
2,408,000
Sub Total
3,612,000
Total Cash Outlay
4,183,900
Financing
8,428,000
Total Interest Payable
4,229,900
Total Repayment
12,657,900
Monthly Repayment
42,193
[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.