Minimum Household Income
$45,558
Mortgage Plan
Expenses
Stamp Duty [1]
185,000
Agent Commission [2]
65,000
Sub Total
250,000
Deposit
Initial Deposit (5%) [3]
325,000
S & P Agreement (5%) [3]
325,000
Further Down Payment
1,300,000
Sub Total
1,950,000
Total Cash Outlay
2,200,000
Financing
4,550,000
Total Interest Payable
2,283,700
Total Repayment
6,833,700
Monthly Repayment
22,779
[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.