Minimum Household Income
$115,646
Mortgage Plan
Expenses
Stamp Duty [1]
618,750
Agent Commission [2]
165,000
Sub Total
783,750
Deposit
Initial Deposit (5%) [3]
825,000
S & P Agreement (5%) [3]
825,000
Further Down Payment
3,300,000
Sub Total
4,950,000
Total Cash Outlay
5,733,750
Financing
11,550,000
Total Interest Payable
5,796,900
Total Repayment
17,346,900
Monthly Repayment
57,823
[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.