Minimum Household Income
$184,892
Mortgage Plan
Expenses
Stamp Duty [1]
1,121,150
Agent Commission [2]
263,800
Sub Total
1,384,950
Deposit
Initial Deposit (5%) [3]
1,319,000
S & P Agreement (5%) [3]
1,319,000
Further Down Payment
5,276,000
Sub Total
7,914,000
Total Cash Outlay
9,298,950
Financing
18,466,000
Total Interest Payable
9,267,800
Total Repayment
27,733,800
Monthly Repayment
92,446
[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.