Minimum Household Income
$96,722
Mortgage Plan
Expenses
Stamp Duty [1]
517,500
Agent Commission [2]
138,000
Sub Total
655,500
Deposit
Initial Deposit (5%) [3]
690,000
S & P Agreement (5%) [3]
690,000
Further Down Payment
2,760,000
Sub Total
4,140,000
Total Cash Outlay
4,795,500
Financing
9,660,000
Total Interest Payable
4,848,300
Total Repayment
14,508,300
Monthly Repayment
48,361
[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.