Minimum Household Income
$95,880
Mortgage Plan
Expenses
Stamp Duty [1]
513,000
Agent Commission [2]
136,800
Sub Total
649,800
Deposit
Initial Deposit (5%) [3]
684,000
S & P Agreement (5%) [3]
684,000
Further Down Payment
2,736,000
Sub Total
4,104,000
Total Cash Outlay
4,753,800
Financing
9,576,000
Total Interest Payable
4,806,000
Total Repayment
14,382,000
Monthly Repayment
47,940
[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.