Minimum Household Income
$77,798
Mortgage Plan
Expenses
Stamp Duty [1]
416,250
Agent Commission [2]
111,000
Sub Total
527,250
Deposit
Initial Deposit (5%) [3]
555,000
S & P Agreement (5%) [3]
555,000
Further Down Payment
2,220,000
Sub Total
3,330,000
Total Cash Outlay
3,857,250
Financing
7,770,000
Total Interest Payable
3,899,700
Total Repayment
11,669,700
Monthly Repayment
38,899
[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.