Minimum Household Income
$153,072
Mortgage Plan
Expenses
Stamp Duty [1]
928,201
Agent Commission [2]
218,400
Sub Total
1,146,601
Deposit
Initial Deposit (5%) [3]
1,092,000
S & P Agreement (5%) [3]
1,092,000
Further Down Payment
4,368,000
Sub Total
6,552,000
Total Cash Outlay
7,698,601
Financing
15,288,000
Total Interest Payable
7,672,800
Total Repayment
22,960,800
Monthly Repayment
76,536
[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.