Minimum Household Income
$178,022
Mortgage Plan
Expenses
Stamp Duty [1]
1,079,500
Agent Commission [2]
254,000
Sub Total
1,333,500
Deposit
Initial Deposit (5%) [3]
1,270,000
S & P Agreement (5%) [3]
1,270,000
Further Down Payment
5,080,000
Sub Total
7,620,000
Total Cash Outlay
8,953,500
Financing
17,780,000
Total Interest Payable
8,923,300
Total Repayment
26,703,300
Monthly Repayment
89,011
[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.