Minimum Household Income
$155,594
Mortgage Plan
Expenses
Stamp Duty [1]
943,501
Agent Commission [2]
222,000
Sub Total
1,165,501
Deposit
Initial Deposit (5%) [3]
1,110,000
S & P Agreement (5%) [3]
1,110,000
Further Down Payment
4,440,000
Sub Total
6,660,000
Total Cash Outlay
7,825,501
Financing
15,540,000
Total Interest Payable
7,799,100
Total Repayment
23,339,100
Monthly Repayment
77,797
[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.