Minimum Household Income
$117,046
Mortgage Plan
Expenses
Stamp Duty [1]
626,250
Agent Commission [2]
167,000
Sub Total
793,250
Deposit
Initial Deposit (5%) [3]
835,000
S & P Agreement (5%) [3]
835,000
Further Down Payment
3,340,000
Sub Total
5,010,000
Total Cash Outlay
5,803,250
Financing
11,690,000
Total Interest Payable
5,866,900
Total Repayment
17,556,900
Monthly Repayment
58,523
[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.