Minimum Household Income
$154,052
Mortgage Plan
Expenses
Stamp Duty [1]
934,151
Agent Commission [2]
219,800
Sub Total
1,153,951
Deposit
Initial Deposit (5%) [3]
1,099,000
S & P Agreement (5%) [3]
1,099,000
Further Down Payment
4,396,000
Sub Total
6,594,000
Total Cash Outlay
7,747,951
Financing
15,386,000
Total Interest Payable
7,721,800
Total Repayment
23,107,800
Monthly Repayment
77,026
[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.