Minimum Household Income
$118,448
Mortgage Plan
Expenses
Stamp Duty [1]
633,750
Agent Commission [2]
169,000
Sub Total
802,750
Deposit
Initial Deposit (5%) [3]
845,000
S & P Agreement (5%) [3]
845,000
Further Down Payment
3,380,000
Sub Total
5,070,000
Total Cash Outlay
5,872,750
Financing
11,830,000
Total Interest Payable
5,937,200
Total Repayment
17,767,200
Monthly Repayment
59,224
[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.