Minimum Household Income
$103,730
Mortgage Plan
Expenses
Stamp Duty [1]
555,000
Agent Commission [2]
148,000
Sub Total
703,000
Deposit
Initial Deposit (5%) [3]
740,000
S & P Agreement (5%) [3]
740,000
Further Down Payment
2,960,000
Sub Total
4,440,000
Total Cash Outlay
5,143,000
Financing
10,360,000
Total Interest Payable
5,199,500
Total Repayment
15,559,500
Monthly Repayment
51,865
[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.