Minimum Household Income
$159,660
Mortgage Plan
Expenses
Stamp Duty [1]
968,151
Agent Commission [2]
227,800
Sub Total
1,195,951
Deposit
Initial Deposit (5%) [3]
1,139,000
S & P Agreement (5%) [3]
1,139,000
Further Down Payment
4,556,000
Sub Total
6,834,000
Total Cash Outlay
8,029,951
Financing
15,946,000
Total Interest Payable
8,003,000
Total Repayment
23,949,000
Monthly Repayment
79,830
[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.