Minimum Household Income
$147,184
Mortgage Plan
Expenses
Stamp Duty [1]
235,000
Agent Commission [2]
210,000
Sub Total
445,000
Deposit
Initial Deposit (5%) [3]
1,050,000
S & P Agreement (5%) [3]
1,050,000
Further Down Payment
4,200,000
Sub Total
6,300,000
Total Cash Outlay
6,745,000
Financing
14,700,000
Total Interest Payable
7,377,600
Total Repayment
22,077,600
Monthly Repayment
73,592
[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.