Minimum Household Income
$76,956
Mortgage Plan
Expenses
Stamp Duty [1]
411,750
Agent Commission [2]
109,800
Sub Total
521,550
Deposit
Initial Deposit (5%) [3]
549,000
S & P Agreement (5%) [3]
549,000
Further Down Payment
2,196,000
Sub Total
3,294,000
Total Cash Outlay
3,815,550
Financing
7,686,000
Total Interest Payable
3,857,400
Total Repayment
11,543,400
Monthly Repayment
38,478
[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.