Monthly Repayment
$107,935
Minimum Household Income
$215,870
Mortgage Plan
Expenses
Stamp Duty [1]
1,309,000
Agent Commission [2]
308,000
Sub Total
1,617,000
Deposit
Initial Deposit (5%) [3]
1,540,000
S & P Agreement (5%) [3]
1,540,000
Further Down Payment
6,160,000
Sub Total
9,240,000
Total Cash Outlay
10,857,000
Financing
21,560,000
Total Interest Payable
10,820,500
Total Repayment
32,380,500
Monthly Repayment
107,935
[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.