Minimum Household Income
$124,056
Mortgage Plan
Expenses
Stamp Duty [1]
663,750
Agent Commission [2]
177,000
Sub Total
840,750
Deposit
Initial Deposit (5%) [3]
885,000
S & P Agreement (5%) [3]
885,000
Further Down Payment
3,540,000
Sub Total
5,310,000
Total Cash Outlay
6,150,750
Financing
12,390,000
Total Interest Payable
6,218,400
Total Repayment
18,608,400
Monthly Repayment
62,028
[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.