Minimum Household Income
$171,714
Mortgage Plan
Expenses
Stamp Duty [1]
1,041,251
Agent Commission [2]
245,000
Sub Total
1,286,251
Deposit
Initial Deposit (5%) [3]
1,225,000
S & P Agreement (5%) [3]
1,225,000
Further Down Payment
4,900,000
Sub Total
7,350,000
Total Cash Outlay
8,636,251
Financing
17,150,000
Total Interest Payable
8,607,100
Total Repayment
25,757,100
Monthly Repayment
85,857
[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.