Monthly Repayment
$142,979
Minimum Household Income
$285,958
Mortgage Plan
Expenses
Stamp Duty [1]
1,734,001
Agent Commission [2]
408,000
Sub Total
2,142,001
Deposit
Initial Deposit (5%) [3]
2,040,000
S & P Agreement (5%) [3]
2,040,000
Further Down Payment
8,160,000
Sub Total
12,240,000
Total Cash Outlay
14,382,001
Financing
28,560,000
Total Interest Payable
14,333,700
Total Repayment
42,893,700
Monthly Repayment
142,979
[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.