Minimum Household Income
$97,772
Mortgage Plan
Expenses
Stamp Duty [1]
523,125
Agent Commission [2]
139,500
Sub Total
662,625
Deposit
Initial Deposit (5%) [3]
697,500
S & P Agreement (5%) [3]
697,500
Further Down Payment
2,790,000
Sub Total
4,185,000
Total Cash Outlay
4,847,625
Financing
9,765,000
Total Interest Payable
4,900,800
Total Repayment
14,665,800
Monthly Repayment
48,886
[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.