Minimum Household Income
$164,496
Mortgage Plan
Expenses
Stamp Duty [1]
997,476
Agent Commission [2]
234,700
Sub Total
1,232,176
Deposit
Initial Deposit (5%) [3]
1,173,500
S & P Agreement (5%) [3]
1,173,500
Further Down Payment
4,694,000
Sub Total
7,041,000
Total Cash Outlay
8,273,176
Financing
16,429,000
Total Interest Payable
8,245,400
Total Repayment
24,674,400
Monthly Repayment
82,248
[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.