Minimum Household Income
$180,406
Mortgage Plan
Expenses
Stamp Duty [1]
1,093,950
Agent Commission [2]
257,400
Sub Total
1,351,350
Deposit
Initial Deposit (5%) [3]
1,287,000
S & P Agreement (5%) [3]
1,287,000
Further Down Payment
5,148,000
Sub Total
7,722,000
Total Cash Outlay
9,073,350
Financing
18,018,000
Total Interest Payable
9,042,900
Total Repayment
27,060,900
Monthly Repayment
90,203
[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.