Minimum Household Income
$48,922
Mortgage Plan
Expenses
Stamp Duty [1]
209,400
Agent Commission [2]
69,800
Sub Total
279,200
Deposit
Initial Deposit (5%) [3]
349,000
S & P Agreement (5%) [3]
349,000
Further Down Payment
1,396,000
Sub Total
2,094,000
Total Cash Outlay
2,373,200
Financing
4,886,000
Total Interest Payable
2,452,300
Total Repayment
7,338,300
Monthly Repayment
24,461
[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.