Minimum Household Income
$79,760
Mortgage Plan
Expenses
Stamp Duty [1]
426,750
Agent Commission [2]
113,800
Sub Total
540,550
Deposit
Initial Deposit (5%) [3]
569,000
S & P Agreement (5%) [3]
569,000
Further Down Payment
2,276,000
Sub Total
3,414,000
Total Cash Outlay
3,954,550
Financing
7,966,000
Total Interest Payable
3,998,000
Total Repayment
11,964,000
Monthly Repayment
39,880
[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.