Minimum Household Income
$158,888
Mortgage Plan
Expenses
Stamp Duty [1]
963,476
Agent Commission [2]
226,700
Sub Total
1,190,176
Deposit
Initial Deposit (5%) [3]
1,133,500
S & P Agreement (5%) [3]
1,133,500
Further Down Payment
4,534,000
Sub Total
6,801,000
Total Cash Outlay
7,991,176
Financing
15,869,000
Total Interest Payable
7,964,200
Total Repayment
23,833,200
Monthly Repayment
79,444
[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.