Monthly Repayment
$101,627
Minimum Household Income
$203,254
Mortgage Plan
Expenses
Stamp Duty [1]
1,232,500
Agent Commission [2]
290,000
Sub Total
1,522,500
Deposit
Initial Deposit (5%) [3]
1,450,000
S & P Agreement (5%) [3]
1,450,000
Further Down Payment
5,800,000
Sub Total
8,700,000
Total Cash Outlay
10,222,500
Financing
20,300,000
Total Interest Payable
10,188,100
Total Repayment
30,488,100
Monthly Repayment
101,627
[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.