Minimum Household Income
$76,256
Mortgage Plan
Expenses
Stamp Duty [1]
408,000
Agent Commission [2]
108,800
Sub Total
516,800
Deposit
Initial Deposit (5%) [3]
544,000
S & P Agreement (5%) [3]
544,000
Further Down Payment
2,176,000
Sub Total
3,264,000
Total Cash Outlay
3,780,800
Financing
7,616,000
Total Interest Payable
3,822,400
Total Repayment
11,438,400
Monthly Repayment
38,128
[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.