Minimum Household Income
$72,752
Mortgage Plan
Expenses
Stamp Duty [1]
389,250
Agent Commission [2]
103,800
Sub Total
493,050
Deposit
Initial Deposit (5%) [3]
519,000
S & P Agreement (5%) [3]
519,000
Further Down Payment
2,076,000
Sub Total
3,114,000
Total Cash Outlay
3,607,050
Financing
7,266,000
Total Interest Payable
3,646,800
Total Repayment
10,912,800
Monthly Repayment
36,376
[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.