Minimum Household Income
$93,076
Mortgage Plan
Expenses
Stamp Duty [1]
498,000
Agent Commission [2]
132,800
Sub Total
630,800
Deposit
Initial Deposit (5%) [3]
664,000
S & P Agreement (5%) [3]
664,000
Further Down Payment
2,656,000
Sub Total
3,984,000
Total Cash Outlay
4,614,800
Financing
9,296,000
Total Interest Payable
4,665,400
Total Repayment
13,961,400
Monthly Repayment
46,538
[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.