Monthly Repayment
$7,709,603
Minimum Household Income
$15,419,206
Mortgage Plan
Expenses
Stamp Duty [1]
93,500,000
Agent Commission [2]
22,000,000
Sub Total
115,500,000
Deposit
Initial Deposit (5%) [3]
110,000,000
S & P Agreement (5%) [3]
110,000,000
Further Down Payment
440,000,000
Sub Total
660,000,000
Total Cash Outlay
775,500,000
Financing
1,540,000,000
Total Interest Payable
772,880,900
Total Repayment
2,312,880,900
Monthly Repayment
7,709,603
[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.