Minimum Household Income
$150,688
Mortgage Plan
Expenses
Stamp Duty [1]
285,000
Agent Commission [2]
215,000
Sub Total
500,000
Deposit
Initial Deposit (5%) [3]
1,075,000
S & P Agreement (5%) [3]
1,075,000
Further Down Payment
4,300,000
Sub Total
6,450,000
Total Cash Outlay
6,950,000
Financing
15,050,000
Total Interest Payable
7,553,200
Total Repayment
22,603,200
Monthly Repayment
75,344
[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.