Minimum Household Income
$51,866
Mortgage Plan
Expenses
Stamp Duty [1]
222,000
Agent Commission [2]
74,000
Sub Total
296,000
Deposit
Initial Deposit (5%) [3]
370,000
S & P Agreement (5%) [3]
370,000
Further Down Payment
1,480,000
Sub Total
2,220,000
Total Cash Outlay
2,516,000
Financing
5,180,000
Total Interest Payable
2,599,900
Total Repayment
7,779,900
Monthly Repayment
25,933
[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.