Minimum Household Income
$170,874
Mortgage Plan
Expenses
Stamp Duty [1]
1,036,151
Agent Commission [2]
243,800
Sub Total
1,279,951
Deposit
Initial Deposit (5%) [3]
1,219,000
S & P Agreement (5%) [3]
1,219,000
Further Down Payment
4,876,000
Sub Total
7,314,000
Total Cash Outlay
8,593,951
Financing
17,066,000
Total Interest Payable
8,565,100
Total Repayment
25,631,100
Monthly Repayment
85,437
[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.