Minimum Household Income
$140,036
Mortgage Plan
Expenses
Stamp Duty [1]
749,250
Agent Commission [2]
199,800
Sub Total
949,050
Deposit
Initial Deposit (5%) [3]
999,000
S & P Agreement (5%) [3]
999,000
Further Down Payment
3,996,000
Sub Total
5,994,000
Total Cash Outlay
6,943,050
Financing
13,986,000
Total Interest Payable
7,019,400
Total Repayment
21,005,400
Monthly Repayment
70,018
[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.