Minimum Household Income
$166,808
Mortgage Plan
Expenses
Stamp Duty [1]
1,011,501
Agent Commission [2]
238,000
Sub Total
1,249,501
Deposit
Initial Deposit (5%) [3]
1,190,000
S & P Agreement (5%) [3]
1,190,000
Further Down Payment
4,760,000
Sub Total
7,140,000
Total Cash Outlay
8,389,501
Financing
16,660,000
Total Interest Payable
8,361,200
Total Repayment
25,021,200
Monthly Repayment
83,404
[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.