Minimum Household Income
$163,304
Mortgage Plan
Expenses
Stamp Duty [1]
990,251
Agent Commission [2]
233,000
Sub Total
1,223,251
Deposit
Initial Deposit (5%) [3]
1,165,000
S & P Agreement (5%) [3]
1,165,000
Further Down Payment
4,660,000
Sub Total
6,990,000
Total Cash Outlay
8,213,251
Financing
16,310,000
Total Interest Payable
8,185,600
Total Repayment
24,495,600
Monthly Repayment
81,652
[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.