Minimum Household Income
$183,210
Mortgage Plan
Expenses
Stamp Duty [1]
1,110,950
Agent Commission [2]
261,400
Sub Total
1,372,350
Deposit
Initial Deposit (5%) [3]
1,307,000
S & P Agreement (5%) [3]
1,307,000
Further Down Payment
5,228,000
Sub Total
7,842,000
Total Cash Outlay
9,214,350
Financing
18,298,000
Total Interest Payable
9,183,500
Total Repayment
27,481,500
Monthly Repayment
91,605
[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.