Minimum Household Income
$196,246
Mortgage Plan
Expenses
Stamp Duty [1]
1,190,000
Agent Commission [2]
280,000
Sub Total
1,470,000
Deposit
Initial Deposit (5%) [3]
1,400,000
S & P Agreement (5%) [3]
1,400,000
Further Down Payment
5,600,000
Sub Total
8,400,000
Total Cash Outlay
9,870,000
Financing
19,600,000
Total Interest Payable
9,836,900
Total Repayment
29,436,900
Monthly Repayment
98,123
[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.