Monthly Repayment
$192,741
Minimum Household Income
$385,482
Mortgage Plan
Expenses
Stamp Duty [1]
2,337,500
Agent Commission [2]
550,000
Sub Total
2,887,500
Deposit
Initial Deposit (5%) [3]
2,750,000
S & P Agreement (5%) [3]
2,750,000
Further Down Payment
11,000,000
Sub Total
16,500,000
Total Cash Outlay
19,387,500
Financing
38,500,000
Total Interest Payable
19,322,300
Total Repayment
57,822,300
Monthly Repayment
192,741
[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.