Minimum Household Income
$113,542
Mortgage Plan
Expenses
Stamp Duty [1]
607,500
Agent Commission [2]
162,000
Sub Total
769,500
Deposit
Initial Deposit (5%) [3]
810,000
S & P Agreement (5%) [3]
810,000
Further Down Payment
3,240,000
Sub Total
4,860,000
Total Cash Outlay
5,629,500
Financing
11,340,000
Total Interest Payable
5,691,300
Total Repayment
17,031,300
Monthly Repayment
56,771
[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.