Monthly Repayment
$104,781
Minimum Household Income
$209,562
Mortgage Plan
Expenses
Stamp Duty [1]
1,270,750
Agent Commission [2]
299,000
Sub Total
1,569,750
Deposit
Initial Deposit (5%) [3]
1,495,000
S & P Agreement (5%) [3]
1,495,000
Further Down Payment
5,980,000
Sub Total
8,970,000
Total Cash Outlay
10,539,750
Financing
20,930,000
Total Interest Payable
10,504,300
Total Repayment
31,434,300
Monthly Repayment
104,781
[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.