Monthly Repayment
$241,101
Minimum Household Income
$482,202
Mortgage Plan
Expenses
Stamp Duty [1]
2,924,000
Agent Commission [2]
688,000
Sub Total
3,612,000
Deposit
Initial Deposit (5%) [3]
3,440,000
S & P Agreement (5%) [3]
3,440,000
Further Down Payment
13,760,000
Sub Total
20,640,000
Total Cash Outlay
24,252,000
Financing
48,160,000
Total Interest Payable
24,170,300
Total Repayment
72,330,300
Monthly Repayment
241,101
[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.