Minimum Household Income
$182,228
Mortgage Plan
Expenses
Stamp Duty [1]
1,105,000
Agent Commission [2]
260,000
Sub Total
1,365,000
Deposit
Initial Deposit (5%) [3]
1,300,000
S & P Agreement (5%) [3]
1,300,000
Further Down Payment
5,200,000
Sub Total
7,800,000
Total Cash Outlay
9,165,000
Financing
18,200,000
Total Interest Payable
9,134,200
Total Repayment
27,334,200
Monthly Repayment
91,114
[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.