Minimum Household Income
$86,910
Mortgage Plan
Expenses
Stamp Duty [1]
465,000
Agent Commission [2]
124,000
Sub Total
589,000
Deposit
Initial Deposit (5%) [3]
620,000
S & P Agreement (5%) [3]
620,000
Further Down Payment
2,480,000
Sub Total
3,720,000
Total Cash Outlay
4,309,000
Financing
8,680,000
Total Interest Payable
4,356,500
Total Repayment
13,036,500
Monthly Repayment
43,455
[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.