Minimum Household Income
$74,294
Mortgage Plan
Expenses
Stamp Duty [1]
397,500
Agent Commission [2]
106,000
Sub Total
503,500
Deposit
Initial Deposit (5%) [3]
530,000
S & P Agreement (5%) [3]
530,000
Further Down Payment
2,120,000
Sub Total
3,180,000
Total Cash Outlay
3,683,500
Financing
7,420,000
Total Interest Payable
3,724,100
Total Repayment
11,144,100
Monthly Repayment
37,147
[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.