Minimum Household Income
$147,044
Mortgage Plan
Expenses
Stamp Duty [1]
233,000
Agent Commission [2]
209,800
Sub Total
442,800
Deposit
Initial Deposit (5%) [3]
1,049,000
S & P Agreement (5%) [3]
1,049,000
Further Down Payment
4,196,000
Sub Total
6,294,000
Total Cash Outlay
6,736,800
Financing
14,686,000
Total Interest Payable
7,370,600
Total Repayment
22,056,600
Monthly Repayment
73,522
[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.