Minimum Household Income
$70,790
Mortgage Plan
Expenses
Stamp Duty [1]
378,750
Agent Commission [2]
101,000
Sub Total
479,750
Deposit
Initial Deposit (5%) [3]
505,000
S & P Agreement (5%) [3]
505,000
Further Down Payment
2,020,000
Sub Total
3,030,000
Total Cash Outlay
3,509,750
Financing
7,070,000
Total Interest Payable
3,548,500
Total Repayment
10,618,500
Monthly Repayment
35,395
[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.