Minimum Household Income
$35,044
Mortgage Plan
Expenses
Stamp Duty [1]
112,500
Agent Commission [2]
50,000
Sub Total
162,500
Deposit
Initial Deposit (5%) [3]
250,000
S & P Agreement (5%) [3]
250,000
Further Down Payment
1,000,000
Sub Total
1,500,000
Total Cash Outlay
1,662,500
Financing
3,500,000
Total Interest Payable
1,756,600
Total Repayment
5,256,600
Monthly Repayment
17,522
[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.