Minimum Household Income
$182,158
Mortgage Plan
Expenses
Stamp Duty [1]
1,104,575
Agent Commission [2]
259,900
Sub Total
1,364,475
Deposit
Initial Deposit (5%) [3]
1,299,500
S & P Agreement (5%) [3]
1,299,500
Further Down Payment
5,198,000
Sub Total
7,797,000
Total Cash Outlay
9,161,475
Financing
18,193,000
Total Interest Payable
9,130,700
Total Repayment
27,323,700
Monthly Repayment
91,079
[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.