Monthly Repayment
$1,752,183
Minimum Household Income
$3,504,366
Mortgage Plan
Expenses
Stamp Duty [1]
21,250,000
Agent Commission [2]
5,000,000
Sub Total
26,250,000
Deposit
Initial Deposit (5%) [3]
25,000,000
S & P Agreement (5%) [3]
25,000,000
Further Down Payment
100,000,000
Sub Total
150,000,000
Total Cash Outlay
176,250,000
Financing
350,000,000
Total Interest Payable
175,654,900
Total Repayment
525,654,900
Monthly Repayment
1,752,183
[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.