Minimum Household Income
$181,738
Mortgage Plan
Expenses
Stamp Duty [1]
1,102,025
Agent Commission [2]
259,300
Sub Total
1,361,325
Deposit
Initial Deposit (5%) [3]
1,296,500
S & P Agreement (5%) [3]
1,296,500
Further Down Payment
5,186,000
Sub Total
7,779,000
Total Cash Outlay
9,140,325
Financing
18,151,000
Total Interest Payable
9,109,700
Total Repayment
27,260,700
Monthly Repayment
90,869
[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.