Minimum Household Income
$86,628
Mortgage Plan
Expenses
Stamp Duty [1]
463,500
Agent Commission [2]
123,600
Sub Total
587,100
Deposit
Initial Deposit (5%) [3]
618,000
S & P Agreement (5%) [3]
618,000
Further Down Payment
2,472,000
Sub Total
3,708,000
Total Cash Outlay
4,295,100
Financing
8,652,000
Total Interest Payable
4,342,200
Total Repayment
12,994,200
Monthly Repayment
43,314
[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.