Monthly Repayment
$193,021
Minimum Household Income
$386,042
Mortgage Plan
Expenses
Stamp Duty [1]
2,340,900
Agent Commission [2]
550,800
Sub Total
2,891,700
Deposit
Initial Deposit (5%) [3]
2,754,000
S & P Agreement (5%) [3]
2,754,000
Further Down Payment
11,016,000
Sub Total
16,524,000
Total Cash Outlay
19,415,700
Financing
38,556,000
Total Interest Payable
19,350,300
Total Repayment
57,906,300
Monthly Repayment
193,021
[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.