Monthly Repayment
$252,315
Minimum Household Income
$504,630
Mortgage Plan
Expenses
Stamp Duty [1]
3,060,000
Agent Commission [2]
720,000
Sub Total
3,780,000
Deposit
Initial Deposit (5%) [3]
3,600,000
S & P Agreement (5%) [3]
3,600,000
Further Down Payment
14,400,000
Sub Total
21,600,000
Total Cash Outlay
25,380,000
Financing
50,400,000
Total Interest Payable
25,294,500
Total Repayment
75,694,500
Monthly Repayment
252,315
[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.