Minimum Household Income
$59,576
Mortgage Plan
Expenses
Stamp Duty [1]
255,000
Agent Commission [2]
85,000
Sub Total
340,000
Deposit
Initial Deposit (5%) [3]
425,000
S & P Agreement (5%) [3]
425,000
Further Down Payment
1,700,000
Sub Total
2,550,000
Total Cash Outlay
2,890,000
Financing
5,950,000
Total Interest Payable
2,986,400
Total Repayment
8,936,400
Monthly Repayment
29,788
[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.