Minimum Household Income
$180,826
Mortgage Plan
Expenses
Stamp Duty [1]
1,096,500
Agent Commission [2]
258,000
Sub Total
1,354,500
Deposit
Initial Deposit (5%) [3]
1,290,000
S & P Agreement (5%) [3]
1,290,000
Further Down Payment
5,160,000
Sub Total
7,740,000
Total Cash Outlay
9,094,500
Financing
18,060,000
Total Interest Payable
9,063,900
Total Repayment
27,123,900
Monthly Repayment
90,413
[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.