Minimum Household Income
$158,398
Mortgage Plan
Expenses
Stamp Duty [1]
960,501
Agent Commission [2]
226,000
Sub Total
1,186,501
Deposit
Initial Deposit (5%) [3]
1,130,000
S & P Agreement (5%) [3]
1,130,000
Further Down Payment
4,520,000
Sub Total
6,780,000
Total Cash Outlay
7,966,501
Financing
15,820,000
Total Interest Payable
7,939,700
Total Repayment
23,759,700
Monthly Repayment
79,199
[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.