Minimum Household Income
$192,742
Mortgage Plan
Expenses
Stamp Duty [1]
1,168,750
Agent Commission [2]
275,000
Sub Total
1,443,750
Deposit
Initial Deposit (5%) [3]
1,375,000
S & P Agreement (5%) [3]
1,375,000
Further Down Payment
5,500,000
Sub Total
8,250,000
Total Cash Outlay
9,693,750
Financing
19,250,000
Total Interest Payable
9,661,300
Total Repayment
28,911,300
Monthly Repayment
96,371
[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.