Minimum Household Income
$175,220
Mortgage Plan
Expenses
Stamp Duty [1]
1,062,500
Agent Commission [2]
250,000
Sub Total
1,312,500
Deposit
Initial Deposit (5%) [3]
1,250,000
S & P Agreement (5%) [3]
1,250,000
Further Down Payment
5,000,000
Sub Total
7,500,000
Total Cash Outlay
8,812,500
Financing
17,500,000
Total Interest Payable
8,783,000
Total Repayment
26,283,000
Monthly Repayment
87,610
[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.