Monthly Repayment
$156,996
Minimum Household Income
$313,992
Mortgage Plan
Expenses
Stamp Duty [1]
1,904,001
Agent Commission [2]
448,000
Sub Total
2,352,001
Deposit
Initial Deposit (5%) [3]
2,240,000
S & P Agreement (5%) [3]
2,240,000
Further Down Payment
8,960,000
Sub Total
13,440,000
Total Cash Outlay
15,792,001
Financing
31,360,000
Total Interest Payable
15,738,800
Total Repayment
47,098,800
Monthly Repayment
156,996
[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.