Minimum Household Income
$173,818
Mortgage Plan
Expenses
Stamp Duty [1]
1,054,000
Agent Commission [2]
248,000
Sub Total
1,302,000
Deposit
Initial Deposit (5%) [3]
1,240,000
S & P Agreement (5%) [3]
1,240,000
Further Down Payment
4,960,000
Sub Total
7,440,000
Total Cash Outlay
8,742,000
Financing
17,360,000
Total Interest Payable
8,712,700
Total Repayment
26,072,700
Monthly Repayment
86,909
[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.