Minimum Household Income
$119,150
Mortgage Plan
Expenses
Stamp Duty [1]
637,500
Agent Commission [2]
170,000
Sub Total
807,500
Deposit
Initial Deposit (5%) [3]
850,000
S & P Agreement (5%) [3]
850,000
Further Down Payment
3,400,000
Sub Total
5,100,000
Total Cash Outlay
5,907,500
Financing
11,900,000
Total Interest Payable
5,972,500
Total Repayment
17,872,500
Monthly Repayment
59,575
[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.