Monthly Repayment
$199,048
Minimum Household Income
$398,096
Mortgage Plan
Expenses
Stamp Duty [1]
2,414,000
Agent Commission [2]
568,000
Sub Total
2,982,000
Deposit
Initial Deposit (5%) [3]
2,840,000
S & P Agreement (5%) [3]
2,840,000
Further Down Payment
11,360,000
Sub Total
17,040,000
Total Cash Outlay
20,022,000
Financing
39,760,000
Total Interest Payable
19,954,400
Total Repayment
59,714,400
Monthly Repayment
199,048
[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.