Minimum Household Income
$114,244
Mortgage Plan
Expenses
Stamp Duty [1]
611,250
Agent Commission [2]
163,000
Sub Total
774,250
Deposit
Initial Deposit (5%) [3]
815,000
S & P Agreement (5%) [3]
815,000
Further Down Payment
3,260,000
Sub Total
4,890,000
Total Cash Outlay
5,664,250
Financing
11,410,000
Total Interest Payable
5,726,600
Total Repayment
17,136,600
Monthly Repayment
57,122
[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.