Minimum Household Income
$95,320
Mortgage Plan
Expenses
Stamp Duty [1]
510,000
Agent Commission [2]
136,000
Sub Total
646,000
Deposit
Initial Deposit (5%) [3]
680,000
S & P Agreement (5%) [3]
680,000
Further Down Payment
2,720,000
Sub Total
4,080,000
Total Cash Outlay
4,726,000
Financing
9,520,000
Total Interest Payable
4,778,000
Total Repayment
14,298,000
Monthly Repayment
47,660
[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.