Minimum Household Income
$97,842
Mortgage Plan
Expenses
Stamp Duty [1]
523,500
Agent Commission [2]
139,600
Sub Total
663,100
Deposit
Initial Deposit (5%) [3]
698,000
S & P Agreement (5%) [3]
698,000
Further Down Payment
2,792,000
Sub Total
4,188,000
Total Cash Outlay
4,851,100
Financing
9,772,000
Total Interest Payable
4,904,300
Total Repayment
14,676,300
Monthly Repayment
48,921
[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.