Minimum Household Income
$69,248
Mortgage Plan
Expenses
Stamp Duty [1]
358,000
Agent Commission [2]
98,800
Sub Total
456,800
Deposit
Initial Deposit (5%) [3]
494,000
S & P Agreement (5%) [3]
494,000
Further Down Payment
1,976,000
Sub Total
2,964,000
Total Cash Outlay
3,420,800
Financing
6,916,000
Total Interest Payable
3,471,200
Total Repayment
10,387,200
Monthly Repayment
34,624
[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.