Minimum Household Income
$193,442
Mortgage Plan
Expenses
Stamp Duty [1]
1,173,000
Agent Commission [2]
276,000
Sub Total
1,449,000
Deposit
Initial Deposit (5%) [3]
1,380,000
S & P Agreement (5%) [3]
1,380,000
Further Down Payment
5,520,000
Sub Total
8,280,000
Total Cash Outlay
9,729,000
Financing
19,320,000
Total Interest Payable
9,696,300
Total Repayment
29,016,300
Monthly Repayment
96,721
[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.