Minimum Household Income
$198,908
Mortgage Plan
Expenses
Stamp Duty [1]
1,206,150
Agent Commission [2]
283,800
Sub Total
1,489,950
Deposit
Initial Deposit (5%) [3]
1,419,000
S & P Agreement (5%) [3]
1,419,000
Further Down Payment
5,676,000
Sub Total
8,514,000
Total Cash Outlay
10,003,950
Financing
19,866,000
Total Interest Payable
9,970,200
Total Repayment
29,836,200
Monthly Repayment
99,454
[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.