Minimum Household Income
$154,194
Mortgage Plan
Expenses
Stamp Duty [1]
935,001
Agent Commission [2]
220,000
Sub Total
1,155,001
Deposit
Initial Deposit (5%) [3]
1,100,000
S & P Agreement (5%) [3]
1,100,000
Further Down Payment
4,400,000
Sub Total
6,600,000
Total Cash Outlay
7,755,001
Financing
15,400,000
Total Interest Payable
7,729,100
Total Repayment
23,129,100
Monthly Repayment
77,097
[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.