Minimum Household Income
$160,360
Mortgage Plan
Expenses
Stamp Duty [1]
972,401
Agent Commission [2]
228,800
Sub Total
1,201,201
Deposit
Initial Deposit (5%) [3]
1,144,000
S & P Agreement (5%) [3]
1,144,000
Further Down Payment
4,576,000
Sub Total
6,864,000
Total Cash Outlay
8,065,201
Financing
16,016,000
Total Interest Payable
8,038,000
Total Repayment
24,054,000
Monthly Repayment
80,180
[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.