Minimum Household Income
$133,026
Mortgage Plan
Expenses
Stamp Duty [1]
711,750
Agent Commission [2]
189,800
Sub Total
901,550
Deposit
Initial Deposit (5%) [3]
949,000
S & P Agreement (5%) [3]
949,000
Further Down Payment
3,796,000
Sub Total
5,694,000
Total Cash Outlay
6,595,550
Financing
13,286,000
Total Interest Payable
6,667,900
Total Repayment
19,953,900
Monthly Repayment
66,513
[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.