Monthly Repayment
$117,747
Minimum Household Income
$235,494
Mortgage Plan
Expenses
Stamp Duty [1]
1,428,000
Agent Commission [2]
336,000
Sub Total
1,764,000
Deposit
Initial Deposit (5%) [3]
1,680,000
S & P Agreement (5%) [3]
1,680,000
Further Down Payment
6,720,000
Sub Total
10,080,000
Total Cash Outlay
11,844,000
Financing
23,520,000
Total Interest Payable
11,804,100
Total Repayment
35,324,100
Monthly Repayment
117,747
[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.