Minimum Household Income
$194,844
Mortgage Plan
Expenses
Stamp Duty [1]
1,181,500
Agent Commission [2]
278,000
Sub Total
1,459,500
Deposit
Initial Deposit (5%) [3]
1,390,000
S & P Agreement (5%) [3]
1,390,000
Further Down Payment
5,560,000
Sub Total
8,340,000
Total Cash Outlay
9,799,500
Financing
19,460,000
Total Interest Payable
9,766,600
Total Repayment
29,226,600
Monthly Repayment
97,422
[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.