Minimum Household Income
$167,370
Mortgage Plan
Expenses
Stamp Duty [1]
1,014,901
Agent Commission [2]
238,800
Sub Total
1,253,701
Deposit
Initial Deposit (5%) [3]
1,194,000
S & P Agreement (5%) [3]
1,194,000
Further Down Payment
4,776,000
Sub Total
7,164,000
Total Cash Outlay
8,417,701
Financing
16,716,000
Total Interest Payable
8,389,500
Total Repayment
25,105,500
Monthly Repayment
83,685
[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.