Monthly Repayment
$287,429
Minimum Household Income
$574,858
Mortgage Plan
Expenses
Stamp Duty [1]
3,485,851
Agent Commission [2]
820,200
Sub Total
4,306,051
Deposit
Initial Deposit (5%) [3]
4,101,000
S & P Agreement (5%) [3]
4,101,000
Further Down Payment
16,404,000
Sub Total
24,606,000
Total Cash Outlay
28,912,051
Financing
57,414,000
Total Interest Payable
28,814,700
Total Repayment
86,228,700
Monthly Repayment
287,429
[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.