Minimum Household Income
$199,048
Mortgage Plan
Expenses
Stamp Duty [1]
1,207,000
Agent Commission [2]
284,000
Sub Total
1,491,000
Deposit
Initial Deposit (5%) [3]
1,420,000
S & P Agreement (5%) [3]
1,420,000
Further Down Payment
5,680,000
Sub Total
8,520,000
Total Cash Outlay
10,011,000
Financing
19,880,000
Total Interest Payable
9,977,200
Total Repayment
29,857,200
Monthly Repayment
99,524
[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.