Minimum Household Income
$179,916
Mortgage Plan
Expenses
Stamp Duty [1]
1,090,975
Agent Commission [2]
256,700
Sub Total
1,347,675
Deposit
Initial Deposit (5%) [3]
1,283,500
S & P Agreement (5%) [3]
1,283,500
Further Down Payment
5,134,000
Sub Total
7,701,000
Total Cash Outlay
9,048,675
Financing
17,969,000
Total Interest Payable
9,018,400
Total Repayment
26,987,400
Monthly Repayment
89,958
[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.