Minimum Household Income
$83,264
Mortgage Plan
Expenses
Stamp Duty [1]
445,500
Agent Commission [2]
118,800
Sub Total
564,300
Deposit
Initial Deposit (5%) [3]
594,000
S & P Agreement (5%) [3]
594,000
Further Down Payment
2,376,000
Sub Total
3,564,000
Total Cash Outlay
4,128,300
Financing
8,316,000
Total Interest Payable
4,173,600
Total Repayment
12,489,600
Monthly Repayment
41,632
[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.