Minimum Household Income
$164,706
Mortgage Plan
Expenses
Stamp Duty [1]
998,751
Agent Commission [2]
235,000
Sub Total
1,233,751
Deposit
Initial Deposit (5%) [3]
1,175,000
S & P Agreement (5%) [3]
1,175,000
Further Down Payment
4,700,000
Sub Total
7,050,000
Total Cash Outlay
8,283,751
Financing
16,450,000
Total Interest Payable
8,255,900
Total Repayment
24,705,900
Monthly Repayment
82,353
[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.