Minimum Household Income
$187,764
Mortgage Plan
Expenses
Stamp Duty [1]
1,138,575
Agent Commission [2]
267,900
Sub Total
1,406,475
Deposit
Initial Deposit (5%) [3]
1,339,500
S & P Agreement (5%) [3]
1,339,500
Further Down Payment
5,358,000
Sub Total
8,037,000
Total Cash Outlay
9,443,475
Financing
18,753,000
Total Interest Payable
9,411,600
Total Repayment
28,164,600
Monthly Repayment
93,882
[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.