Minimum Household Income
$132,466
Mortgage Plan
Expenses
Stamp Duty [1]
708,750
Agent Commission [2]
189,000
Sub Total
897,750
Deposit
Initial Deposit (5%) [3]
945,000
S & P Agreement (5%) [3]
945,000
Further Down Payment
3,780,000
Sub Total
5,670,000
Total Cash Outlay
6,567,750
Financing
13,230,000
Total Interest Payable
6,639,900
Total Repayment
19,869,900
Monthly Repayment
66,233
[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.