Monthly Repayment
$115,294
Minimum Household Income
$230,588
Mortgage Plan
Expenses
Stamp Duty [1]
1,398,250
Agent Commission [2]
329,000
Sub Total
1,727,250
Deposit
Initial Deposit (5%) [3]
1,645,000
S & P Agreement (5%) [3]
1,645,000
Further Down Payment
6,580,000
Sub Total
9,870,000
Total Cash Outlay
11,597,250
Financing
23,030,000
Total Interest Payable
11,558,200
Total Repayment
34,588,200
Monthly Repayment
115,294
[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.