Minimum Household Income
$189,236
Mortgage Plan
Expenses
Stamp Duty [1]
1,147,500
Agent Commission [2]
270,000
Sub Total
1,417,500
Deposit
Initial Deposit (5%) [3]
1,350,000
S & P Agreement (5%) [3]
1,350,000
Further Down Payment
5,400,000
Sub Total
8,100,000
Total Cash Outlay
9,517,500
Financing
18,900,000
Total Interest Payable
9,485,400
Total Repayment
28,385,400
Monthly Repayment
94,618
[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.