Monthly Repayment
$122,653
Minimum Household Income
$245,306
Mortgage Plan
Expenses
Stamp Duty [1]
1,487,500
Agent Commission [2]
350,000
Sub Total
1,837,500
Deposit
Initial Deposit (5%) [3]
1,750,000
S & P Agreement (5%) [3]
1,750,000
Further Down Payment
7,000,000
Sub Total
10,500,000
Total Cash Outlay
12,337,500
Financing
24,500,000
Total Interest Payable
12,295,900
Total Repayment
36,795,900
Monthly Repayment
122,653
[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.