Minimum Household Income
$160,500
Mortgage Plan
Expenses
Stamp Duty [1]
973,251
Agent Commission [2]
229,000
Sub Total
1,202,251
Deposit
Initial Deposit (5%) [3]
1,145,000
S & P Agreement (5%) [3]
1,145,000
Further Down Payment
4,580,000
Sub Total
6,870,000
Total Cash Outlay
8,072,251
Financing
16,030,000
Total Interest Payable
8,045,000
Total Repayment
24,075,000
Monthly Repayment
80,250
[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.