Monthly Repayment
$105,482
Minimum Household Income
$210,964
Mortgage Plan
Expenses
Stamp Duty [1]
1,279,250
Agent Commission [2]
301,000
Sub Total
1,580,250
Deposit
Initial Deposit (5%) [3]
1,505,000
S & P Agreement (5%) [3]
1,505,000
Further Down Payment
6,020,000
Sub Total
9,030,000
Total Cash Outlay
10,610,250
Financing
21,070,000
Total Interest Payable
10,574,600
Total Repayment
31,644,600
Monthly Repayment
105,482
[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.