Minimum Household Income
$79,830
Mortgage Plan
Expenses
Stamp Duty [1]
427,125
Agent Commission [2]
113,900
Sub Total
541,025
Deposit
Initial Deposit (5%) [3]
569,500
S & P Agreement (5%) [3]
569,500
Further Down Payment
2,278,000
Sub Total
3,417,000
Total Cash Outlay
3,958,025
Financing
7,973,000
Total Interest Payable
4,001,500
Total Repayment
11,974,500
Monthly Repayment
39,915
[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.