Monthly Repayment
$187,484
Minimum Household Income
$374,968
Mortgage Plan
Expenses
Stamp Duty [1]
2,273,750
Agent Commission [2]
535,000
Sub Total
2,808,750
Deposit
Initial Deposit (5%) [3]
2,675,000
S & P Agreement (5%) [3]
2,675,000
Further Down Payment
10,700,000
Sub Total
16,050,000
Total Cash Outlay
18,858,750
Financing
37,450,000
Total Interest Payable
18,795,200
Total Repayment
56,245,200
Monthly Repayment
187,484
[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.