Minimum Household Income
$157,698
Mortgage Plan
Expenses
Stamp Duty [1]
956,251
Agent Commission [2]
225,000
Sub Total
1,181,251
Deposit
Initial Deposit (5%) [3]
1,125,000
S & P Agreement (5%) [3]
1,125,000
Further Down Payment
4,500,000
Sub Total
6,750,000
Total Cash Outlay
7,931,251
Financing
15,750,000
Total Interest Payable
7,904,700
Total Repayment
23,654,700
Monthly Repayment
78,849
[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.