Minimum Household Income
$135,270
Mortgage Plan
Expenses
Stamp Duty [1]
723,750
Agent Commission [2]
193,000
Sub Total
916,750
Deposit
Initial Deposit (5%) [3]
965,000
S & P Agreement (5%) [3]
965,000
Further Down Payment
3,860,000
Sub Total
5,790,000
Total Cash Outlay
6,706,750
Financing
13,510,000
Total Interest Payable
6,780,500
Total Repayment
20,290,500
Monthly Repayment
67,635
[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.