Minimum Household Income
$168,210
Mortgage Plan
Expenses
Stamp Duty [1]
1,020,001
Agent Commission [2]
240,000
Sub Total
1,260,001
Deposit
Initial Deposit (5%) [3]
1,200,000
S & P Agreement (5%) [3]
1,200,000
Further Down Payment
4,800,000
Sub Total
7,200,000
Total Cash Outlay
8,460,001
Financing
16,800,000
Total Interest Payable
8,431,500
Total Repayment
25,231,500
Monthly Repayment
84,105
[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.