Minimum Household Income
$146,344
Mortgage Plan
Expenses
Stamp Duty [1]
223,000
Agent Commission [2]
208,800
Sub Total
431,800
Deposit
Initial Deposit (5%) [3]
1,044,000
S & P Agreement (5%) [3]
1,044,000
Further Down Payment
4,176,000
Sub Total
6,264,000
Total Cash Outlay
6,695,800
Financing
14,616,000
Total Interest Payable
7,335,600
Total Repayment
21,951,600
Monthly Repayment
73,172
[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.