Minimum Household Income
$153,492
Mortgage Plan
Expenses
Stamp Duty [1]
930,751
Agent Commission [2]
219,000
Sub Total
1,149,751
Deposit
Initial Deposit (5%) [3]
1,095,000
S & P Agreement (5%) [3]
1,095,000
Further Down Payment
4,380,000
Sub Total
6,570,000
Total Cash Outlay
7,719,751
Financing
15,330,000
Total Interest Payable
7,693,800
Total Repayment
23,023,800
Monthly Repayment
76,746
[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.