Minimum Household Income
$64,482
Mortgage Plan
Expenses
Stamp Duty [1]
290,000
Agent Commission [2]
92,000
Sub Total
382,000
Deposit
Initial Deposit (5%) [3]
460,000
S & P Agreement (5%) [3]
460,000
Further Down Payment
1,840,000
Sub Total
2,760,000
Total Cash Outlay
3,142,000
Financing
6,440,000
Total Interest Payable
3,232,300
Total Repayment
9,672,300
Monthly Repayment
32,241
[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.