Minimum Household Income
$94,970
Mortgage Plan
Expenses
Stamp Duty [1]
508,125
Agent Commission [2]
135,500
Sub Total
643,625
Deposit
Initial Deposit (5%) [3]
677,500
S & P Agreement (5%) [3]
677,500
Further Down Payment
2,710,000
Sub Total
4,065,000
Total Cash Outlay
4,708,625
Financing
9,485,000
Total Interest Payable
4,760,500
Total Repayment
14,245,500
Monthly Repayment
47,485
[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.