Monthly Repayment
$209,842
Minimum Household Income
$419,684
Mortgage Plan
Expenses
Stamp Duty [1]
2,544,900
Agent Commission [2]
598,800
Sub Total
3,143,700
Deposit
Initial Deposit (5%) [3]
2,994,000
S & P Agreement (5%) [3]
2,994,000
Further Down Payment
11,976,000
Sub Total
17,964,000
Total Cash Outlay
21,107,700
Financing
41,916,000
Total Interest Payable
21,036,600
Total Repayment
62,952,600
Monthly Repayment
209,842
[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.