Monthly Repayment
$280,350
Minimum Household Income
$560,700
Mortgage Plan
Expenses
Stamp Duty [1]
3,400,001
Agent Commission [2]
800,000
Sub Total
4,200,001
Deposit
Initial Deposit (5%) [3]
4,000,000
S & P Agreement (5%) [3]
4,000,000
Further Down Payment
16,000,000
Sub Total
24,000,000
Total Cash Outlay
28,200,001
Financing
56,000,000
Total Interest Payable
28,105,000
Total Repayment
84,105,000
Monthly Repayment
280,350
[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.