Minimum Household Income
$172,416
Mortgage Plan
Expenses
Stamp Duty [1]
1,045,501
Agent Commission [2]
246,000
Sub Total
1,291,501
Deposit
Initial Deposit (5%) [3]
1,230,000
S & P Agreement (5%) [3]
1,230,000
Further Down Payment
4,920,000
Sub Total
7,380,000
Total Cash Outlay
8,671,501
Financing
17,220,000
Total Interest Payable
8,642,400
Total Repayment
25,862,400
Monthly Repayment
86,208
[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.