Minimum Household Income
$108,986
Mortgage Plan
Expenses
Stamp Duty [1]
583,125
Agent Commission [2]
155,500
Sub Total
738,625
Deposit
Initial Deposit (5%) [3]
777,500
S & P Agreement (5%) [3]
777,500
Further Down Payment
3,110,000
Sub Total
4,665,000
Total Cash Outlay
5,403,625
Financing
10,885,000
Total Interest Payable
5,462,900
Total Repayment
16,347,900
Monthly Repayment
54,493
[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.