Minimum Household Income
$199,750
Mortgage Plan
Expenses
Stamp Duty [1]
1,211,250
Agent Commission [2]
285,000
Sub Total
1,496,250
Deposit
Initial Deposit (5%) [3]
1,425,000
S & P Agreement (5%) [3]
1,425,000
Further Down Payment
5,700,000
Sub Total
8,550,000
Total Cash Outlay
10,046,250
Financing
19,950,000
Total Interest Payable
10,012,500
Total Repayment
29,962,500
Monthly Repayment
99,875
[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.