Monthly Repayment
$113,892
Minimum Household Income
$227,784
Mortgage Plan
Expenses
Stamp Duty [1]
1,381,250
Agent Commission [2]
325,000
Sub Total
1,706,250
Deposit
Initial Deposit (5%) [3]
1,625,000
S & P Agreement (5%) [3]
1,625,000
Further Down Payment
6,500,000
Sub Total
9,750,000
Total Cash Outlay
11,456,250
Financing
22,750,000
Total Interest Payable
11,417,600
Total Repayment
34,167,600
Monthly Repayment
113,892
[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.