Monthly Repayment
$2,382,969
Minimum Household Income
$4,765,938
Mortgage Plan
Expenses
Stamp Duty [1]
28,900,001
Agent Commission [2]
6,800,000
Sub Total
35,700,001
Deposit
Initial Deposit (5%) [3]
34,000,000
S & P Agreement (5%) [3]
34,000,000
Further Down Payment
136,000,000
Sub Total
204,000,000
Total Cash Outlay
239,700,001
Financing
476,000,000
Total Interest Payable
238,890,700
Total Repayment
714,890,700
Monthly Repayment
2,382,969
[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.