Minimum Household Income
$38,550
Mortgage Plan
Expenses
Stamp Duty [1]
123,750
Agent Commission [2]
55,000
Sub Total
178,750
Deposit
Initial Deposit (5%) [3]
275,000
S & P Agreement (5%) [3]
275,000
Further Down Payment
1,100,000
Sub Total
1,650,000
Total Cash Outlay
1,828,750
Financing
3,850,000
Total Interest Payable
1,932,500
Total Repayment
5,782,500
Monthly Repayment
19,275
[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.