Minimum Household Income
$33,292
Mortgage Plan
Expenses
Stamp Duty [1]
92,500
Agent Commission [2]
47,500
Sub Total
140,000
Deposit
Initial Deposit (5%) [3]
237,500
S & P Agreement (5%) [3]
237,500
Further Down Payment
950,000
Sub Total
1,425,000
Total Cash Outlay
1,565,000
Financing
3,325,000
Total Interest Payable
1,668,800
Total Repayment
4,993,800
Monthly Repayment
16,646
[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.