Monthly Repayment
$244,605
Minimum Household Income
$489,210
Mortgage Plan
Expenses
Stamp Duty [1]
2,966,500
Agent Commission [2]
698,000
Sub Total
3,664,500
Deposit
Initial Deposit (5%) [3]
3,490,000
S & P Agreement (5%) [3]
3,490,000
Further Down Payment
13,960,000
Sub Total
20,940,000
Total Cash Outlay
24,604,500
Financing
48,860,000
Total Interest Payable
24,521,500
Total Repayment
73,381,500
Monthly Repayment
244,605
[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.