Minimum Household Income
$139,474
Mortgage Plan
Expenses
Stamp Duty [1]
746,250
Agent Commission [2]
199,000
Sub Total
945,250
Deposit
Initial Deposit (5%) [3]
995,000
S & P Agreement (5%) [3]
995,000
Further Down Payment
3,980,000
Sub Total
5,970,000
Total Cash Outlay
6,915,250
Financing
13,930,000
Total Interest Payable
6,991,100
Total Repayment
20,921,100
Monthly Repayment
69,737
[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.