Monthly Repayment
$122,338
Minimum Household Income
$244,676
Mortgage Plan
Expenses
Stamp Duty [1]
1,483,675
Agent Commission [2]
349,100
Sub Total
1,832,775
Deposit
Initial Deposit (5%) [3]
1,745,500
S & P Agreement (5%) [3]
1,745,500
Further Down Payment
6,982,000
Sub Total
10,473,000
Total Cash Outlay
12,305,775
Financing
24,437,000
Total Interest Payable
12,264,400
Total Repayment
36,701,400
Monthly Repayment
122,338
[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.