Monthly Repayment
$140,175
Minimum Household Income
$280,350
Mortgage Plan
Expenses
Stamp Duty [1]
1,700,001
Agent Commission [2]
400,000
Sub Total
2,100,001
Deposit
Initial Deposit (5%) [3]
2,000,000
S & P Agreement (5%) [3]
2,000,000
Further Down Payment
8,000,000
Sub Total
12,000,000
Total Cash Outlay
14,100,001
Financing
28,000,000
Total Interest Payable
14,052,500
Total Repayment
42,052,500
Monthly Repayment
140,175
[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.