Minimum Household Income
$151,950
Mortgage Plan
Expenses
Stamp Duty [1]
303,000
Agent Commission [2]
216,800
Sub Total
519,800
Deposit
Initial Deposit (5%) [3]
1,084,000
S & P Agreement (5%) [3]
1,084,000
Further Down Payment
4,336,000
Sub Total
6,504,000
Total Cash Outlay
7,023,800
Financing
15,176,000
Total Interest Payable
7,616,500
Total Repayment
22,792,500
Monthly Repayment
75,975
[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.