Minimum Household Income
$90,414
Mortgage Plan
Expenses
Stamp Duty [1]
483,750
Agent Commission [2]
129,000
Sub Total
612,750
Deposit
Initial Deposit (5%) [3]
645,000
S & P Agreement (5%) [3]
645,000
Further Down Payment
2,580,000
Sub Total
3,870,000
Total Cash Outlay
4,482,750
Financing
9,030,000
Total Interest Payable
4,532,100
Total Repayment
13,562,100
Monthly Repayment
45,207
[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.