Monthly Repayment
$162,042
Minimum Household Income
$324,084
Mortgage Plan
Expenses
Stamp Duty [1]
1,965,201
Agent Commission [2]
462,400
Sub Total
2,427,601
Deposit
Initial Deposit (5%) [3]
2,312,000
S & P Agreement (5%) [3]
2,312,000
Further Down Payment
9,248,000
Sub Total
13,872,000
Total Cash Outlay
16,299,601
Financing
32,368,000
Total Interest Payable
16,244,600
Total Repayment
48,612,600
Monthly Repayment
162,042
[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.