Minimum Household Income
$75,696
Mortgage Plan
Expenses
Stamp Duty [1]
405,000
Agent Commission [2]
108,000
Sub Total
513,000
Deposit
Initial Deposit (5%) [3]
540,000
S & P Agreement (5%) [3]
540,000
Further Down Payment
2,160,000
Sub Total
3,240,000
Total Cash Outlay
3,753,000
Financing
7,560,000
Total Interest Payable
3,794,400
Total Repayment
11,354,400
Monthly Repayment
37,848
[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.