Minimum Household Income
$142,980
Mortgage Plan
Expenses
Stamp Duty [1]
175,000
Agent Commission [2]
204,000
Sub Total
379,000
Deposit
Initial Deposit (5%) [3]
1,020,000
S & P Agreement (5%) [3]
1,020,000
Further Down Payment
4,080,000
Sub Total
6,120,000
Total Cash Outlay
6,499,000
Financing
14,280,000
Total Interest Payable
7,167,000
Total Repayment
21,447,000
Monthly Repayment
71,490
[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.