Monthly Repayment
$100,716
Minimum Household Income
$201,432
Mortgage Plan
Expenses
Stamp Duty [1]
1,221,450
Agent Commission [2]
287,400
Sub Total
1,508,850
Deposit
Initial Deposit (5%) [3]
1,437,000
S & P Agreement (5%) [3]
1,437,000
Further Down Payment
5,748,000
Sub Total
8,622,000
Total Cash Outlay
10,130,850
Financing
20,118,000
Total Interest Payable
10,096,800
Total Repayment
30,214,800
Monthly Repayment
100,716
[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.