Minimum Household Income
$142,046
Mortgage Plan
Expenses
Stamp Duty [1]
161,700
Agent Commission [2]
202,670
Sub Total
364,370
Deposit
Initial Deposit (5%) [3]
1,013,350
S & P Agreement (5%) [3]
1,013,350
Further Down Payment
4,053,400
Sub Total
6,080,100
Total Cash Outlay
6,444,470
Financing
14,186,900
Total Interest Payable
7,120,000
Total Repayment
21,306,900
Monthly Repayment
71,023
[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.