Minimum Household Income
$131,996
Mortgage Plan
Expenses
Stamp Duty [1]
706,238
Agent Commission [2]
188,330
Sub Total
894,568
Deposit
Initial Deposit (5%) [3]
941,650
S & P Agreement (5%) [3]
941,650
Further Down Payment
3,766,600
Sub Total
5,649,900
Total Cash Outlay
6,544,468
Financing
13,183,100
Total Interest Payable
6,616,300
Total Repayment
19,799,400
Monthly Repayment
65,998
[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.