Monthly Repayment
$196,245
Minimum Household Income
$392,490
Mortgage Plan
Expenses
Stamp Duty [1]
2,380,000
Agent Commission [2]
560,000
Sub Total
2,940,000
Deposit
Initial Deposit (5%) [3]
2,800,000
S & P Agreement (5%) [3]
2,800,000
Further Down Payment
11,200,000
Sub Total
16,800,000
Total Cash Outlay
19,740,000
Financing
39,200,000
Total Interest Payable
19,673,500
Total Repayment
58,873,500
Monthly Repayment
196,245
[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.