Minimum Household Income
$129,662
Mortgage Plan
Expenses
Stamp Duty [1]
693,750
Agent Commission [2]
185,000
Sub Total
878,750
Deposit
Initial Deposit (5%) [3]
925,000
S & P Agreement (5%) [3]
925,000
Further Down Payment
3,700,000
Sub Total
5,550,000
Total Cash Outlay
6,428,750
Financing
12,950,000
Total Interest Payable
6,499,300
Total Repayment
19,449,300
Monthly Repayment
64,831
[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.