Minimum Household Income
$90,274
Mortgage Plan
Expenses
Stamp Duty [1]
483,000
Agent Commission [2]
128,800
Sub Total
611,800
Deposit
Initial Deposit (5%) [3]
644,000
S & P Agreement (5%) [3]
644,000
Further Down Payment
2,576,000
Sub Total
3,864,000
Total Cash Outlay
4,475,800
Financing
9,016,000
Total Interest Payable
4,525,100
Total Repayment
13,541,100
Monthly Repayment
45,137
[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.