Mortgage Details
$
%
%
Years
Monthly Repayment: $
Minimum Household Income: $ 74,186
Basic Mortgage
Expenses
| Stamp Duty* | $ | 375,000 |
| Agency Comission ** | $ | 100,000 |
| Sub-total $ |
Deposit
| Initial Deposit (5%) *** | $ | 500,000 |
| S & P Agreement (5%) *** | $ | 500,000 |
| Further Down Payment | $ | 2,000,000 |
| Sub-total $ | ||
| Total Cash Outlay $ |
Mortgage Summary
| Monthly Installment | $ | 37,093 |
| Financing | $ | 7,000,000 |
| Total Interest Payable | $ | |
| Total Repayment $ |
* The stamp duty payable in a conveyancing transaction is usually paid by the purchaser. The exact amount is determined by the Government.
** The exact commission to be confirmed by the Real Estate Agent.
*** Usually 5% of purchase price. It is negotiated between the buyer and seller.
Interest Rate VS Term
| Int. Rate | 3yr-term | 5yr-term | 10yr-term | 15yr-term | 20yr-term | 25yr-term | 30yr-term |
| 2.500 | $202,030 | $65,989 | $52,604 | $46,675 | $37,093 | $31,403 | $27,658 |
| 4.000 | $206,668 | $70,872 | $57,618 | $51,778 | $42,419 | $36,949 | $33,419 |
| 4.500 | $208,228 | $72,547 | $59,351 | $53,550 | $44,285 | $38,908 | $35,468 |
| 5.000 | $209,796 | $74,246 | $61,114 | $55,356 | $46,197 | $40,921 | $37,578 |
| 5.500 | $211,371 | $75,968 | $62,907 | $57,196 | $48,152 | $42,986 | $39,745 |
| 6.000 | $212,954 | $77,714 | $64,731 | $59,070 | $50,150 | $45,101 | $41,969 |
| 6.500 | $214,543 | $79,484 | $66,583 | $60,978 | $52,190 | $47,265 | $44,245 |
| 7.000 | $216,140 | $81,276 | $68,465 | $62,918 | $54,271 | $49,475 | $46,571 |
| 7.500 | $217,744 | $83,091 | $70,376 | $64,891 | $56,392 | $51,729 | $48,945 |
| 8.000 | $219,355 | $84,929 | $72,315 | $66,896 | $58,551 | $54,027 | $51,364 |
Disclaimer: The information provided by this calculator is for illustrative purposes only. The results shown are hypothetical and may not be applicable to each individual’s situation. The accuracy of the calculator result is not guaranteed. Please obtain advice from qualified professionals for details.