Minimum Household Income
$152,792
Mortgage Plan
Expenses
Stamp Duty [1]
926,501
Agent Commission [2]
218,000
Sub Total
1,144,501
Deposit
Initial Deposit (5%) [3]
1,090,000
S & P Agreement (5%) [3]
1,090,000
Further Down Payment
4,360,000
Sub Total
6,540,000
Total Cash Outlay
7,684,501
Financing
15,260,000
Total Interest Payable
7,658,800
Total Repayment
22,918,800
Monthly Repayment
76,396
[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.