Minimum Household Income
$130,224
Mortgage Plan
Expenses
Stamp Duty [1]
696,750
Agent Commission [2]
185,800
Sub Total
882,550
Deposit
Initial Deposit (5%) [3]
929,000
S & P Agreement (5%) [3]
929,000
Further Down Payment
3,716,000
Sub Total
5,574,000
Total Cash Outlay
6,456,550
Financing
13,006,000
Total Interest Payable
6,527,600
Total Repayment
19,533,600
Monthly Repayment
65,112
[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.