Minimum Household Income
$125,318
Mortgage Plan
Expenses
Stamp Duty [1]
670,500
Agent Commission [2]
178,800
Sub Total
849,300
Deposit
Initial Deposit (5%) [3]
894,000
S & P Agreement (5%) [3]
894,000
Further Down Payment
3,576,000
Sub Total
5,364,000
Total Cash Outlay
6,213,300
Financing
12,516,000
Total Interest Payable
6,281,700
Total Repayment
18,797,700
Monthly Repayment
62,659
[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.