Monthly Repayment
$138,423
Minimum Household Income
$276,846
Mortgage Plan
Expenses
Stamp Duty [1]
1,678,751
Agent Commission [2]
395,000
Sub Total
2,073,751
Deposit
Initial Deposit (5%) [3]
1,975,000
S & P Agreement (5%) [3]
1,975,000
Further Down Payment
7,900,000
Sub Total
11,850,000
Total Cash Outlay
13,923,751
Financing
27,650,000
Total Interest Payable
13,876,900
Total Repayment
41,526,900
Monthly Repayment
138,423
[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.