Monthly Repayment
$1,401,746
Minimum Household Income
$2,803,492
Mortgage Plan
Expenses
Stamp Duty [1]
17,000,000
Agent Commission [2]
4,000,000
Sub Total
21,000,000
Deposit
Initial Deposit (5%) [3]
20,000,000
S & P Agreement (5%) [3]
20,000,000
Further Down Payment
80,000,000
Sub Total
120,000,000
Total Cash Outlay
141,000,000
Financing
280,000,000
Total Interest Payable
140,523,800
Total Repayment
420,523,800
Monthly Repayment
1,401,746
[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.