Minimum Household Income
$156,996
Mortgage Plan
Expenses
Stamp Duty [1]
952,001
Agent Commission [2]
224,000
Sub Total
1,176,001
Deposit
Initial Deposit (5%) [3]
1,120,000
S & P Agreement (5%) [3]
1,120,000
Further Down Payment
4,480,000
Sub Total
6,720,000
Total Cash Outlay
7,896,001
Financing
15,680,000
Total Interest Payable
7,869,400
Total Repayment
23,549,400
Monthly Repayment
78,498
[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.