Minimum Household Income
$70,088
Mortgage Plan
Expenses
Stamp Duty [1]
370,000
Agent Commission [2]
100,000
Sub Total
470,000
Deposit
Initial Deposit (5%) [3]
500,000
S & P Agreement (5%) [3]
500,000
Further Down Payment
2,000,000
Sub Total
3,000,000
Total Cash Outlay
3,470,000
Financing
7,000,000
Total Interest Payable
3,513,200
Total Repayment
10,513,200
Monthly Repayment
35,044
[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.