Minimum Household Income
$187,834
Mortgage Plan
Expenses
Stamp Duty [1]
1,139,000
Agent Commission [2]
268,000
Sub Total
1,407,000
Deposit
Initial Deposit (5%) [3]
1,340,000
S & P Agreement (5%) [3]
1,340,000
Further Down Payment
5,360,000
Sub Total
8,040,000
Total Cash Outlay
9,447,000
Financing
18,760,000
Total Interest Payable
9,415,100
Total Repayment
28,175,100
Monthly Repayment
93,917
[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.