Monthly Repayment
$490,612
Minimum Household Income
$981,224
Mortgage Plan
Expenses
Stamp Duty [1]
5,950,000
Agent Commission [2]
1,400,000
Sub Total
7,350,000
Deposit
Initial Deposit (5%) [3]
7,000,000
S & P Agreement (5%) [3]
7,000,000
Further Down Payment
28,000,000
Sub Total
42,000,000
Total Cash Outlay
49,350,000
Financing
98,000,000
Total Interest Payable
49,183,600
Total Repayment
147,183,600
Monthly Repayment
490,612
[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.