Minimum Household Income
$97,422
Mortgage Plan
Expenses
Stamp Duty [1]
521,250
Agent Commission [2]
139,000
Sub Total
660,250
Deposit
Initial Deposit (5%) [3]
695,000
S & P Agreement (5%) [3]
695,000
Further Down Payment
2,780,000
Sub Total
4,170,000
Total Cash Outlay
4,830,250
Financing
9,730,000
Total Interest Payable
4,883,300
Total Repayment
14,613,300
Monthly Repayment
48,711
[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.