Monthly Repayment
$108,636
Minimum Household Income
$217,272
Mortgage Plan
Expenses
Stamp Duty [1]
1,317,500
Agent Commission [2]
310,000
Sub Total
1,627,500
Deposit
Initial Deposit (5%) [3]
1,550,000
S & P Agreement (5%) [3]
1,550,000
Further Down Payment
6,200,000
Sub Total
9,300,000
Total Cash Outlay
10,927,500
Financing
21,700,000
Total Interest Payable
10,890,800
Total Repayment
32,590,800
Monthly Repayment
108,636
[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.