Minimum Household Income
$85,508
Mortgage Plan
Expenses
Stamp Duty [1]
457,500
Agent Commission [2]
122,000
Sub Total
579,500
Deposit
Initial Deposit (5%) [3]
610,000
S & P Agreement (5%) [3]
610,000
Further Down Payment
2,440,000
Sub Total
3,660,000
Total Cash Outlay
4,239,500
Financing
8,540,000
Total Interest Payable
4,286,200
Total Repayment
12,826,200
Monthly Repayment
42,754
[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.