Monthly Repayment
$2,803,492
Minimum Household Income
$5,606,984
Mortgage Plan
Expenses
Stamp Duty [1]
34,000,000
Agent Commission [2]
8,000,000
Sub Total
42,000,000
Deposit
Initial Deposit (5%) [3]
40,000,000
S & P Agreement (5%) [3]
40,000,000
Further Down Payment
160,000,000
Sub Total
240,000,000
Total Cash Outlay
282,000,000
Financing
560,000,000
Total Interest Payable
281,047,600
Total Repayment
841,047,600
Monthly Repayment
2,803,492
[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.