Minimum Household Income
$86,208
Mortgage Plan
Expenses
Stamp Duty [1]
461,250
Agent Commission [2]
123,000
Sub Total
584,250
Deposit
Initial Deposit (5%) [3]
615,000
S & P Agreement (5%) [3]
615,000
Further Down Payment
2,460,000
Sub Total
3,690,000
Total Cash Outlay
4,274,250
Financing
8,610,000
Total Interest Payable
4,321,200
Total Repayment
12,931,200
Monthly Repayment
43,104
[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.