Minimum Household Income
$198,348
Mortgage Plan
Expenses
Stamp Duty [1]
1,202,750
Agent Commission [2]
283,000
Sub Total
1,485,750
Deposit
Initial Deposit (5%) [3]
1,415,000
S & P Agreement (5%) [3]
1,415,000
Further Down Payment
5,660,000
Sub Total
8,490,000
Total Cash Outlay
9,975,750
Financing
19,810,000
Total Interest Payable
9,942,200
Total Repayment
29,752,200
Monthly Repayment
99,174
[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.