Minimum Household Income
$152,652
Mortgage Plan
Expenses
Stamp Duty [1]
925,651
Agent Commission [2]
217,800
Sub Total
1,143,451
Deposit
Initial Deposit (5%) [3]
1,089,000
S & P Agreement (5%) [3]
1,089,000
Further Down Payment
4,356,000
Sub Total
6,534,000
Total Cash Outlay
7,677,451
Financing
15,246,000
Total Interest Payable
7,651,800
Total Repayment
22,897,800
Monthly Repayment
76,326
[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.