Monthly Repayment
$841,048
Minimum Household Income
$1,682,096
Mortgage Plan
Expenses
Stamp Duty [1]
10,200,000
Agent Commission [2]
2,400,000
Sub Total
12,600,000
Deposit
Initial Deposit (5%) [3]
12,000,000
S & P Agreement (5%) [3]
12,000,000
Further Down Payment
48,000,000
Sub Total
72,000,000
Total Cash Outlay
84,600,000
Financing
168,000,000
Total Interest Payable
84,314,400
Total Repayment
252,314,400
Monthly Repayment
841,048
[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.