Minimum Household Income
$85,158
Mortgage Plan
Expenses
Stamp Duty [1]
455,625
Agent Commission [2]
121,500
Sub Total
577,125
Deposit
Initial Deposit (5%) [3]
607,500
S & P Agreement (5%) [3]
607,500
Further Down Payment
2,430,000
Sub Total
3,645,000
Total Cash Outlay
4,222,125
Financing
8,505,000
Total Interest Payable
4,268,700
Total Repayment
12,773,700
Monthly Repayment
42,579
[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.