Minimum Household Income
$76,312
Mortgage Plan
Expenses
Stamp Duty [1]
408,300
Agent Commission [2]
108,880
Sub Total
517,180
Deposit
Initial Deposit (5%) [3]
544,400
S & P Agreement (5%) [3]
544,400
Further Down Payment
2,177,600
Sub Total
3,266,400
Total Cash Outlay
3,783,580
Financing
7,621,600
Total Interest Payable
3,825,200
Total Repayment
11,446,800
Monthly Repayment
38,156
[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.