Minimum Household Income
$167,510
Mortgage Plan
Expenses
Stamp Duty [1]
1,015,751
Agent Commission [2]
239,000
Sub Total
1,254,751
Deposit
Initial Deposit (5%) [3]
1,195,000
S & P Agreement (5%) [3]
1,195,000
Further Down Payment
4,780,000
Sub Total
7,170,000
Total Cash Outlay
8,424,751
Financing
16,730,000
Total Interest Payable
8,396,500
Total Repayment
25,126,500
Monthly Repayment
83,755
[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.