Minimum Household Income
$125,458
Mortgage Plan
Expenses
Stamp Duty [1]
671,250
Agent Commission [2]
179,000
Sub Total
850,250
Deposit
Initial Deposit (5%) [3]
895,000
S & P Agreement (5%) [3]
895,000
Further Down Payment
3,580,000
Sub Total
5,370,000
Total Cash Outlay
6,220,250
Financing
12,530,000
Total Interest Payable
6,288,700
Total Repayment
18,818,700
Monthly Repayment
62,729
[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.