Monthly Repayment
$120,901
Minimum Household Income
$241,802
Mortgage Plan
Expenses
Stamp Duty [1]
1,466,250
Agent Commission [2]
345,000
Sub Total
1,811,250
Deposit
Initial Deposit (5%) [3]
1,725,000
S & P Agreement (5%) [3]
1,725,000
Further Down Payment
6,900,000
Sub Total
10,350,000
Total Cash Outlay
12,161,250
Financing
24,150,000
Total Interest Payable
12,120,300
Total Repayment
36,270,300
Monthly Repayment
120,901
[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.