Minimum Household Income
$52,566
Mortgage Plan
Expenses
Stamp Duty [1]
225,000
Agent Commission [2]
75,000
Sub Total
300,000
Deposit
Initial Deposit (5%) [3]
375,000
S & P Agreement (5%) [3]
375,000
Further Down Payment
1,500,000
Sub Total
2,250,000
Total Cash Outlay
2,550,000
Financing
5,250,000
Total Interest Payable
2,634,900
Total Repayment
7,884,900
Monthly Repayment
26,283
[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.