Minimum Household Income
$120,552
Mortgage Plan
Expenses
Stamp Duty [1]
645,000
Agent Commission [2]
172,000
Sub Total
817,000
Deposit
Initial Deposit (5%) [3]
860,000
S & P Agreement (5%) [3]
860,000
Further Down Payment
3,440,000
Sub Total
5,160,000
Total Cash Outlay
5,977,000
Financing
12,040,000
Total Interest Payable
6,042,800
Total Repayment
18,082,800
Monthly Repayment
60,276
[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.