Minimum Household Income
$99,876
Mortgage Plan
Expenses
Stamp Duty [1]
534,375
Agent Commission [2]
142,500
Sub Total
676,875
Deposit
Initial Deposit (5%) [3]
712,500
S & P Agreement (5%) [3]
712,500
Further Down Payment
2,850,000
Sub Total
4,275,000
Total Cash Outlay
4,951,875
Financing
9,975,000
Total Interest Payable
5,006,400
Total Repayment
14,981,400
Monthly Repayment
49,938
[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.