Monthly Repayment
$700,873
Minimum Household Income
$1,401,746
Mortgage Plan
Expenses
Stamp Duty [1]
8,500,000
Agent Commission [2]
2,000,000
Sub Total
10,500,000
Deposit
Initial Deposit (5%) [3]
10,000,000
S & P Agreement (5%) [3]
10,000,000
Further Down Payment
40,000,000
Sub Total
60,000,000
Total Cash Outlay
70,500,000
Financing
140,000,000
Total Interest Payable
70,261,900
Total Repayment
210,261,900
Monthly Repayment
700,873
[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.