Minimum Household Income
$140,176
Mortgage Plan
Expenses
Stamp Duty [1]
750,000
Agent Commission [2]
200,000
Sub Total
950,000
Deposit
Initial Deposit (5%) [3]
1,000,000
S & P Agreement (5%) [3]
1,000,000
Further Down Payment
4,000,000
Sub Total
6,000,000
Total Cash Outlay
6,950,000
Financing
14,000,000
Total Interest Payable
7,026,400
Total Repayment
21,026,400
Monthly Repayment
70,088
[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.