Minimum Household Income
$100,226
Mortgage Plan
Expenses
Stamp Duty [1]
536,250
Agent Commission [2]
143,000
Sub Total
679,250
Deposit
Initial Deposit (5%) [3]
715,000
S & P Agreement (5%) [3]
715,000
Further Down Payment
2,860,000
Sub Total
4,290,000
Total Cash Outlay
4,969,250
Financing
10,010,000
Total Interest Payable
5,023,900
Total Repayment
15,033,900
Monthly Repayment
50,113
[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.