Monthly Repayment
$101,277
Minimum Household Income
$202,554
Mortgage Plan
Expenses
Stamp Duty [1]
1,228,250
Agent Commission [2]
289,000
Sub Total
1,517,250
Deposit
Initial Deposit (5%) [3]
1,445,000
S & P Agreement (5%) [3]
1,445,000
Further Down Payment
5,780,000
Sub Total
8,670,000
Total Cash Outlay
10,187,250
Financing
20,230,000
Total Interest Payable
10,153,100
Total Repayment
30,383,100
Monthly Repayment
101,277
[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.