Monthly Repayment
$114,944
Minimum Household Income
$229,888
Mortgage Plan
Expenses
Stamp Duty [1]
1,394,000
Agent Commission [2]
328,000
Sub Total
1,722,000
Deposit
Initial Deposit (5%) [3]
1,640,000
S & P Agreement (5%) [3]
1,640,000
Further Down Payment
6,560,000
Sub Total
9,840,000
Total Cash Outlay
11,562,000
Financing
22,960,000
Total Interest Payable
11,523,200
Total Repayment
34,483,200
Monthly Repayment
114,944
[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.