Minimum Household Income
$104,992
Mortgage Plan
Expenses
Stamp Duty [1]
561,750
Agent Commission [2]
149,800
Sub Total
711,550
Deposit
Initial Deposit (5%) [3]
749,000
S & P Agreement (5%) [3]
749,000
Further Down Payment
2,996,000
Sub Total
4,494,000
Total Cash Outlay
5,205,550
Financing
10,486,000
Total Interest Payable
5,262,800
Total Repayment
15,748,800
Monthly Repayment
52,496
[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.