Minimum Household Income
$86,068
Mortgage Plan
Expenses
Stamp Duty [1]
460,500
Agent Commission [2]
122,800
Sub Total
583,300
Deposit
Initial Deposit (5%) [3]
614,000
S & P Agreement (5%) [3]
614,000
Further Down Payment
2,456,000
Sub Total
3,684,000
Total Cash Outlay
4,267,300
Financing
8,596,000
Total Interest Payable
4,314,200
Total Repayment
12,910,200
Monthly Repayment
43,034
[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.