Minimum Household Income
$49,062
Mortgage Plan
Expenses
Stamp Duty [1]
210,000
Agent Commission [2]
70,000
Sub Total
280,000
Deposit
Initial Deposit (5%) [3]
350,000
S & P Agreement (5%) [3]
350,000
Further Down Payment
1,400,000
Sub Total
2,100,000
Total Cash Outlay
2,380,000
Financing
4,900,000
Total Interest Payable
2,459,300
Total Repayment
7,359,300
Monthly Repayment
24,531
[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.