Minimum Household Income
$98,054
Mortgage Plan
Expenses
Stamp Duty [1]
524,625
Agent Commission [2]
139,900
Sub Total
664,525
Deposit
Initial Deposit (5%) [3]
699,500
S & P Agreement (5%) [3]
699,500
Further Down Payment
2,798,000
Sub Total
4,197,000
Total Cash Outlay
4,861,525
Financing
9,793,000
Total Interest Payable
4,915,100
Total Repayment
14,708,100
Monthly Repayment
49,027
[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.