Minimum Household Income
$145,782
Mortgage Plan
Expenses
Stamp Duty [1]
215,000
Agent Commission [2]
208,000
Sub Total
423,000
Deposit
Initial Deposit (5%) [3]
1,040,000
S & P Agreement (5%) [3]
1,040,000
Further Down Payment
4,160,000
Sub Total
6,240,000
Total Cash Outlay
6,663,000
Financing
14,560,000
Total Interest Payable
7,307,300
Total Repayment
21,867,300
Monthly Repayment
72,891
[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.