Minimum Household Income
$198,208
Mortgage Plan
Expenses
Stamp Duty [1]
1,201,900
Agent Commission [2]
282,800
Sub Total
1,484,700
Deposit
Initial Deposit (5%) [3]
1,414,000
S & P Agreement (5%) [3]
1,414,000
Further Down Payment
5,656,000
Sub Total
8,484,000
Total Cash Outlay
9,968,700
Financing
19,796,000
Total Interest Payable
9,935,200
Total Repayment
29,731,200
Monthly Repayment
99,104
[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.