Minimum Household Income
$171,084
Mortgage Plan
Expenses
Stamp Duty [1]
1,037,426
Agent Commission [2]
244,100
Sub Total
1,281,526
Deposit
Initial Deposit (5%) [3]
1,220,500
S & P Agreement (5%) [3]
1,220,500
Further Down Payment
4,882,000
Sub Total
7,323,000
Total Cash Outlay
8,604,526
Financing
17,087,000
Total Interest Payable
8,575,600
Total Repayment
25,662,600
Monthly Repayment
85,542
[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.