Minimum Household Income
$42,054
Mortgage Plan
Expenses
Stamp Duty [1]
135,000
Agent Commission [2]
60,000
Sub Total
195,000
Deposit
Initial Deposit (5%) [3]
300,000
S & P Agreement (5%) [3]
300,000
Further Down Payment
1,200,000
Sub Total
1,800,000
Total Cash Outlay
1,995,000
Financing
4,200,000
Total Interest Payable
2,108,100
Total Repayment
6,308,100
Monthly Repayment
21,027
[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.