Minimum Household Income
$92,516
Mortgage Plan
Expenses
Stamp Duty [1]
495,000
Agent Commission [2]
132,000
Sub Total
627,000
Deposit
Initial Deposit (5%) [3]
660,000
S & P Agreement (5%) [3]
660,000
Further Down Payment
2,640,000
Sub Total
3,960,000
Total Cash Outlay
4,587,000
Financing
9,240,000
Total Interest Payable
4,637,400
Total Repayment
13,877,400
Monthly Repayment
46,258
[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.