Monthly Repayment
$981,223
Minimum Household Income
$1,962,446
Mortgage Plan
Expenses
Stamp Duty [1]
11,900,000
Agent Commission [2]
2,800,000
Sub Total
14,700,000
Deposit
Initial Deposit (5%) [3]
14,000,000
S & P Agreement (5%) [3]
14,000,000
Further Down Payment
56,000,000
Sub Total
84,000,000
Total Cash Outlay
98,700,000
Financing
196,000,000
Total Interest Payable
98,366,900
Total Repayment
294,366,900
Monthly Repayment
981,223
[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.