Minimum Household Income
$186,434
Mortgage Plan
Expenses
Stamp Duty [1]
1,130,500
Agent Commission [2]
266,000
Sub Total
1,396,500
Deposit
Initial Deposit (5%) [3]
1,330,000
S & P Agreement (5%) [3]
1,330,000
Further Down Payment
5,320,000
Sub Total
7,980,000
Total Cash Outlay
9,376,500
Financing
18,620,000
Total Interest Payable
9,345,100
Total Repayment
27,965,100
Monthly Repayment
93,217
[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.