Minimum Household Income
$79,200
Mortgage Plan
Expenses
Stamp Duty [1]
423,750
Agent Commission [2]
113,000
Sub Total
536,750
Deposit
Initial Deposit (5%) [3]
565,000
S & P Agreement (5%) [3]
565,000
Further Down Payment
2,260,000
Sub Total
3,390,000
Total Cash Outlay
3,926,750
Financing
7,910,000
Total Interest Payable
3,970,000
Total Repayment
11,880,000
Monthly Repayment
39,600
[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.