Minimum Household Income
$108,636
Mortgage Plan
Expenses
Stamp Duty [1]
581,250
Agent Commission [2]
155,000
Sub Total
736,250
Deposit
Initial Deposit (5%) [3]
775,000
S & P Agreement (5%) [3]
775,000
Further Down Payment
3,100,000
Sub Total
4,650,000
Total Cash Outlay
5,386,250
Financing
10,850,000
Total Interest Payable
5,445,400
Total Repayment
16,295,400
Monthly Repayment
54,318
[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.