Minimum Household Income
$142,278
Mortgage Plan
Expenses
Stamp Duty [1]
165,000
Agent Commission [2]
203,000
Sub Total
368,000
Deposit
Initial Deposit (5%) [3]
1,015,000
S & P Agreement (5%) [3]
1,015,000
Further Down Payment
4,060,000
Sub Total
6,090,000
Total Cash Outlay
6,458,000
Financing
14,210,000
Total Interest Payable
7,131,700
Total Repayment
21,341,700
Monthly Repayment
71,139
[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.