Minimum Household Income
$115,364
Mortgage Plan
Expenses
Stamp Duty [1]
617,250
Agent Commission [2]
164,600
Sub Total
781,850
Deposit
Initial Deposit (5%) [3]
823,000
S & P Agreement (5%) [3]
823,000
Further Down Payment
3,292,000
Sub Total
4,938,000
Total Cash Outlay
5,719,850
Financing
11,522,000
Total Interest Payable
5,782,600
Total Repayment
17,304,600
Monthly Repayment
57,682
[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.