Minimum Household Income
$178,724
Mortgage Plan
Expenses
Stamp Duty [1]
1,083,750
Agent Commission [2]
255,000
Sub Total
1,338,750
Deposit
Initial Deposit (5%) [3]
1,275,000
S & P Agreement (5%) [3]
1,275,000
Further Down Payment
5,100,000
Sub Total
7,650,000
Total Cash Outlay
8,988,750
Financing
17,850,000
Total Interest Payable
8,958,600
Total Repayment
26,808,600
Monthly Repayment
89,362
[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.