Monthly Repayment
$124,405
Minimum Household Income
$248,810
Mortgage Plan
Expenses
Stamp Duty [1]
1,508,750
Agent Commission [2]
355,000
Sub Total
1,863,750
Deposit
Initial Deposit (5%) [3]
1,775,000
S & P Agreement (5%) [3]
1,775,000
Further Down Payment
7,100,000
Sub Total
10,650,000
Total Cash Outlay
12,513,750
Financing
24,850,000
Total Interest Payable
12,471,500
Total Repayment
37,321,500
Monthly Repayment
124,405
[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.