Minimum Household Income
$39,810
Mortgage Plan
Expenses
Stamp Duty [1]
127,800
Agent Commission [2]
56,800
Sub Total
184,600
Deposit
Initial Deposit (5%) [3]
284,000
S & P Agreement (5%) [3]
284,000
Further Down Payment
1,136,000
Sub Total
1,704,000
Total Cash Outlay
1,888,600
Financing
3,976,000
Total Interest Payable
1,995,500
Total Repayment
5,971,500
Monthly Repayment
19,905
[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.