Minimum Household Income
$139,334
Mortgage Plan
Expenses
Stamp Duty [1]
745,500
Agent Commission [2]
198,800
Sub Total
944,300
Deposit
Initial Deposit (5%) [3]
994,000
S & P Agreement (5%) [3]
994,000
Further Down Payment
3,976,000
Sub Total
5,964,000
Total Cash Outlay
6,908,300
Financing
13,916,000
Total Interest Payable
6,984,100
Total Repayment
20,900,100
Monthly Repayment
69,667
[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.