Minimum Household Income
$111,664
Mortgage Plan
Expenses
Stamp Duty [1]
597,450
Agent Commission [2]
159,320
Sub Total
756,770
Deposit
Initial Deposit (5%) [3]
796,600
S & P Agreement (5%) [3]
796,600
Further Down Payment
3,186,400
Sub Total
4,779,600
Total Cash Outlay
5,536,370
Financing
11,152,400
Total Interest Payable
5,597,200
Total Repayment
16,749,600
Monthly Repayment
55,832
[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.