Minimum Household Income
$156,856
Mortgage Plan
Expenses
Stamp Duty [1]
951,151
Agent Commission [2]
223,800
Sub Total
1,174,951
Deposit
Initial Deposit (5%) [3]
1,119,000
S & P Agreement (5%) [3]
1,119,000
Further Down Payment
4,476,000
Sub Total
6,714,000
Total Cash Outlay
7,888,951
Financing
15,666,000
Total Interest Payable
7,862,400
Total Repayment
23,528,400
Monthly Repayment
78,428
[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.