Minimum Household Income
$100,926
Mortgage Plan
Expenses
Stamp Duty [1]
540,000
Agent Commission [2]
144,000
Sub Total
684,000
Deposit
Initial Deposit (5%) [3]
720,000
S & P Agreement (5%) [3]
720,000
Further Down Payment
2,880,000
Sub Total
4,320,000
Total Cash Outlay
5,004,000
Financing
10,080,000
Total Interest Payable
5,058,900
Total Repayment
15,138,900
Monthly Repayment
50,463
[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.