Minimum Household Income
$174,378
Mortgage Plan
Expenses
Stamp Duty [1]
1,057,400
Agent Commission [2]
248,800
Sub Total
1,306,200
Deposit
Initial Deposit (5%) [3]
1,244,000
S & P Agreement (5%) [3]
1,244,000
Further Down Payment
4,976,000
Sub Total
7,464,000
Total Cash Outlay
8,770,200
Financing
17,416,000
Total Interest Payable
8,740,700
Total Repayment
26,156,700
Monthly Repayment
87,189
[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.