Minimum Household Income
$119,010
Mortgage Plan
Expenses
Stamp Duty [1]
636,750
Agent Commission [2]
169,800
Sub Total
806,550
Deposit
Initial Deposit (5%) [3]
849,000
S & P Agreement (5%) [3]
849,000
Further Down Payment
3,396,000
Sub Total
5,094,000
Total Cash Outlay
5,900,550
Financing
11,886,000
Total Interest Payable
5,965,500
Total Repayment
17,851,500
Monthly Repayment
59,505
[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.