Minimum Household Income
$131,766
Mortgage Plan
Expenses
Stamp Duty [1]
705,000
Agent Commission [2]
188,000
Sub Total
893,000
Deposit
Initial Deposit (5%) [3]
940,000
S & P Agreement (5%) [3]
940,000
Further Down Payment
3,760,000
Sub Total
5,640,000
Total Cash Outlay
6,533,000
Financing
13,160,000
Total Interest Payable
6,604,900
Total Repayment
19,764,900
Monthly Repayment
65,883
[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.