Minimum Household Income
$111,300
Mortgage Plan
Expenses
Stamp Duty [1]
595,500
Agent Commission [2]
158,800
Sub Total
754,300
Deposit
Initial Deposit (5%) [3]
794,000
S & P Agreement (5%) [3]
794,000
Further Down Payment
3,176,000
Sub Total
4,764,000
Total Cash Outlay
5,518,300
Financing
11,116,000
Total Interest Payable
5,579,000
Total Repayment
16,695,000
Monthly Repayment
55,650
[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.