Minimum Household Income
$87,610
Mortgage Plan
Expenses
Stamp Duty [1]
468,750
Agent Commission [2]
125,000
Sub Total
593,750
Deposit
Initial Deposit (5%) [3]
625,000
S & P Agreement (5%) [3]
625,000
Further Down Payment
2,500,000
Sub Total
3,750,000
Total Cash Outlay
4,343,750
Financing
8,750,000
Total Interest Payable
4,391,500
Total Repayment
13,141,500
Monthly Repayment
43,805
[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.