Minimum Household Income
$128,822
Mortgage Plan
Expenses
Stamp Duty [1]
689,250
Agent Commission [2]
183,800
Sub Total
873,050
Deposit
Initial Deposit (5%) [3]
919,000
S & P Agreement (5%) [3]
919,000
Further Down Payment
3,676,000
Sub Total
5,514,000
Total Cash Outlay
6,387,050
Financing
12,866,000
Total Interest Payable
6,457,300
Total Repayment
19,323,300
Monthly Repayment
64,411
[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.