Minimum Household Income
$33,642
Mortgage Plan
Expenses
Stamp Duty [1]
97,500
Agent Commission [2]
48,000
Sub Total
145,500
Deposit
Initial Deposit (5%) [3]
240,000
S & P Agreement (5%) [3]
240,000
Further Down Payment
960,000
Sub Total
1,440,000
Total Cash Outlay
1,585,500
Financing
3,360,000
Total Interest Payable
1,686,300
Total Repayment
5,046,300
Monthly Repayment
16,821
[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.