Minimum Household Income
$177,322
Mortgage Plan
Expenses
Stamp Duty [1]
1,075,250
Agent Commission [2]
253,000
Sub Total
1,328,250
Deposit
Initial Deposit (5%) [3]
1,265,000
S & P Agreement (5%) [3]
1,265,000
Further Down Payment
5,060,000
Sub Total
7,590,000
Total Cash Outlay
8,918,250
Financing
17,710,000
Total Interest Payable
8,888,300
Total Repayment
26,598,300
Monthly Repayment
88,661
[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.