Minimum Household Income
$107,796
Mortgage Plan
Expenses
Stamp Duty [1]
576,750
Agent Commission [2]
153,800
Sub Total
730,550
Deposit
Initial Deposit (5%) [3]
769,000
S & P Agreement (5%) [3]
769,000
Further Down Payment
3,076,000
Sub Total
4,614,000
Total Cash Outlay
5,344,550
Financing
10,766,000
Total Interest Payable
5,403,400
Total Repayment
16,169,400
Monthly Repayment
53,898
[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.