Minimum Household Income
$101,628
Mortgage Plan
Expenses
Stamp Duty [1]
543,750
Agent Commission [2]
145,000
Sub Total
688,750
Deposit
Initial Deposit (5%) [3]
725,000
S & P Agreement (5%) [3]
725,000
Further Down Payment
2,900,000
Sub Total
4,350,000
Total Cash Outlay
5,038,750
Financing
10,150,000
Total Interest Payable
5,094,200
Total Repayment
15,244,200
Monthly Repayment
50,814
[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.