Minimum Household Income
$83,054
Mortgage Plan
Expenses
Stamp Duty [1]
444,375
Agent Commission [2]
118,500
Sub Total
562,875
Deposit
Initial Deposit (5%) [3]
592,500
S & P Agreement (5%) [3]
592,500
Further Down Payment
2,370,000
Sub Total
3,555,000
Total Cash Outlay
4,117,875
Financing
8,295,000
Total Interest Payable
4,163,100
Total Repayment
12,458,100
Monthly Repayment
41,527
[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.