Minimum Household Income
$163,444
Mortgage Plan
Expenses
Stamp Duty [1]
991,101
Agent Commission [2]
233,200
Sub Total
1,224,301
Deposit
Initial Deposit (5%) [3]
1,166,000
S & P Agreement (5%) [3]
1,166,000
Further Down Payment
4,664,000
Sub Total
6,996,000
Total Cash Outlay
8,220,301
Financing
16,324,000
Total Interest Payable
8,192,600
Total Repayment
24,516,600
Monthly Repayment
81,722
[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.