Minimum Household Income
$159,800
Mortgage Plan
Expenses
Stamp Duty [1]
969,001
Agent Commission [2]
228,000
Sub Total
1,197,001
Deposit
Initial Deposit (5%) [3]
1,140,000
S & P Agreement (5%) [3]
1,140,000
Further Down Payment
4,560,000
Sub Total
6,840,000
Total Cash Outlay
8,037,001
Financing
15,960,000
Total Interest Payable
8,010,000
Total Repayment
23,970,000
Monthly Repayment
79,900
[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.