Minimum Household Income
$155,876
Mortgage Plan
Expenses
Stamp Duty [1]
945,201
Agent Commission [2]
222,400
Sub Total
1,167,601
Deposit
Initial Deposit (5%) [3]
1,112,000
S & P Agreement (5%) [3]
1,112,000
Further Down Payment
4,448,000
Sub Total
6,672,000
Total Cash Outlay
7,839,601
Financing
15,568,000
Total Interest Payable
7,813,400
Total Repayment
23,381,400
Monthly Repayment
77,938
[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.