Minimum Household Income
$185,732
Mortgage Plan
Expenses
Stamp Duty [1]
1,126,250
Agent Commission [2]
265,000
Sub Total
1,391,250
Deposit
Initial Deposit (5%) [3]
1,325,000
S & P Agreement (5%) [3]
1,325,000
Further Down Payment
5,300,000
Sub Total
7,950,000
Total Cash Outlay
9,341,250
Financing
18,550,000
Total Interest Payable
9,309,800
Total Repayment
27,859,800
Monthly Repayment
92,866
[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.