Monthly Repayment
$4,906,111
Minimum Household Income
$9,812,222
Mortgage Plan
Expenses
Stamp Duty [1]
59,500,001
Agent Commission [2]
14,000,000
Sub Total
73,500,001
Deposit
Initial Deposit (5%) [3]
70,000,000
S & P Agreement (5%) [3]
70,000,000
Further Down Payment
280,000,000
Sub Total
420,000,000
Total Cash Outlay
493,500,001
Financing
980,000,000
Total Interest Payable
491,833,300
Total Repayment
1,471,833,300
Monthly Repayment
4,906,111
[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.