Monthly Repayment
$210,262
Minimum Household Income
$420,524
Mortgage Plan
Expenses
Stamp Duty [1]
2,550,000
Agent Commission [2]
600,000
Sub Total
3,150,000
Deposit
Initial Deposit (5%) [3]
3,000,000
S & P Agreement (5%) [3]
3,000,000
Further Down Payment
12,000,000
Sub Total
18,000,000
Total Cash Outlay
21,150,000
Financing
42,000,000
Total Interest Payable
21,078,600
Total Repayment
63,078,600
Monthly Repayment
210,262
[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.