Monthly Repayment
$2,453,056
Minimum Household Income
$4,906,112
Mortgage Plan
Expenses
Stamp Duty [1]
29,750,001
Agent Commission [2]
7,000,000
Sub Total
36,750,001
Deposit
Initial Deposit (5%) [3]
35,000,000
S & P Agreement (5%) [3]
35,000,000
Further Down Payment
140,000,000
Sub Total
210,000,000
Total Cash Outlay
246,750,001
Financing
490,000,000
Total Interest Payable
245,916,800
Total Repayment
735,916,800
Monthly Repayment
2,453,056
[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.