Minimum Household Income
$111,440
Mortgage Plan
Expenses
Stamp Duty [1]
596,250
Agent Commission [2]
159,000
Sub Total
755,250
Deposit
Initial Deposit (5%) [3]
795,000
S & P Agreement (5%) [3]
795,000
Further Down Payment
3,180,000
Sub Total
4,770,000
Total Cash Outlay
5,525,250
Financing
11,130,000
Total Interest Payable
5,586,000
Total Repayment
16,716,000
Monthly Repayment
55,720
[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.