Minimum Household Income
$182,718
Mortgage Plan
Expenses
Stamp Duty [1]
1,107,975
Agent Commission [2]
260,700
Sub Total
1,368,675
Deposit
Initial Deposit (5%) [3]
1,303,500
S & P Agreement (5%) [3]
1,303,500
Further Down Payment
5,214,000
Sub Total
7,821,000
Total Cash Outlay
9,189,675
Financing
18,249,000
Total Interest Payable
9,158,700
Total Repayment
27,407,700
Monthly Repayment
91,359
[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.