Monthly Repayment
$102,994
Minimum Household Income
$205,988
Mortgage Plan
Expenses
Stamp Duty [1]
1,249,075
Agent Commission [2]
293,900
Sub Total
1,542,975
Deposit
Initial Deposit (5%) [3]
1,469,500
S & P Agreement (5%) [3]
1,469,500
Further Down Payment
5,878,000
Sub Total
8,817,000
Total Cash Outlay
10,359,975
Financing
20,573,000
Total Interest Payable
10,325,200
Total Repayment
30,898,200
Monthly Repayment
102,994
[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.