Minimum Household Income
$158,958
Mortgage Plan
Expenses
Stamp Duty [1]
963,901
Agent Commission [2]
226,800
Sub Total
1,190,701
Deposit
Initial Deposit (5%) [3]
1,134,000
S & P Agreement (5%) [3]
1,134,000
Further Down Payment
4,536,000
Sub Total
6,804,000
Total Cash Outlay
7,994,701
Financing
15,876,000
Total Interest Payable
7,967,700
Total Repayment
23,843,700
Monthly Repayment
79,479
[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.