Monthly Repayment
$108,215
Minimum Household Income
$216,430
Mortgage Plan
Expenses
Stamp Duty [1]
1,312,400
Agent Commission [2]
308,800
Sub Total
1,621,200
Deposit
Initial Deposit (5%) [3]
1,544,000
S & P Agreement (5%) [3]
1,544,000
Further Down Payment
6,176,000
Sub Total
9,264,000
Total Cash Outlay
10,885,200
Financing
21,616,000
Total Interest Payable
10,848,500
Total Repayment
32,464,500
Monthly Repayment
108,215
[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.