Minimum Household Income
$116,170
Mortgage Plan
Expenses
Stamp Duty [1]
621,563
Agent Commission [2]
165,750
Sub Total
787,313
Deposit
Initial Deposit (5%) [3]
828,750
S & P Agreement (5%) [3]
828,750
Further Down Payment
3,315,000
Sub Total
4,972,500
Total Cash Outlay
5,759,813
Financing
11,602,500
Total Interest Payable
5,823,000
Total Repayment
17,425,500
Monthly Repayment
58,085
[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.