Minimum Household Income
$37,708
Mortgage Plan
Expenses
Stamp Duty [1]
121,050
Agent Commission [2]
53,800
Sub Total
174,850
Deposit
Initial Deposit (5%) [3]
269,000
S & P Agreement (5%) [3]
269,000
Further Down Payment
1,076,000
Sub Total
1,614,000
Total Cash Outlay
1,788,850
Financing
3,766,000
Total Interest Payable
1,890,200
Total Repayment
5,656,200
Monthly Repayment
18,854
[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.