Monthly Repayment
$185,031
Minimum Household Income
$370,062
Mortgage Plan
Expenses
Stamp Duty [1]
2,244,000
Agent Commission [2]
528,000
Sub Total
2,772,000
Deposit
Initial Deposit (5%) [3]
2,640,000
S & P Agreement (5%) [3]
2,640,000
Further Down Payment
10,560,000
Sub Total
15,840,000
Total Cash Outlay
18,612,000
Financing
36,960,000
Total Interest Payable
18,549,300
Total Repayment
55,509,300
Monthly Repayment
185,031
[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.