Monthly Repayment
$103,730
Minimum Household Income
$207,460
Mortgage Plan
Expenses
Stamp Duty [1]
1,258,000
Agent Commission [2]
296,000
Sub Total
1,554,000
Deposit
Initial Deposit (5%) [3]
1,480,000
S & P Agreement (5%) [3]
1,480,000
Further Down Payment
5,920,000
Sub Total
8,880,000
Total Cash Outlay
10,434,000
Financing
20,720,000
Total Interest Payable
10,399,000
Total Repayment
31,119,000
Monthly Repayment
103,730
[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.