Minimum Household Income
$116,766
Mortgage Plan
Expenses
Stamp Duty [1]
624,750
Agent Commission [2]
166,600
Sub Total
791,350
Deposit
Initial Deposit (5%) [3]
833,000
S & P Agreement (5%) [3]
833,000
Further Down Payment
3,332,000
Sub Total
4,998,000
Total Cash Outlay
5,789,350
Financing
11,662,000
Total Interest Payable
5,852,900
Total Repayment
17,514,900
Monthly Repayment
58,383
[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.