Monthly Repayment
$103,379
Minimum Household Income
$206,758
Mortgage Plan
Expenses
Stamp Duty [1]
1,253,750
Agent Commission [2]
295,000
Sub Total
1,548,750
Deposit
Initial Deposit (5%) [3]
1,475,000
S & P Agreement (5%) [3]
1,475,000
Further Down Payment
5,900,000
Sub Total
8,850,000
Total Cash Outlay
10,398,750
Financing
20,650,000
Total Interest Payable
10,363,700
Total Repayment
31,013,700
Monthly Repayment
103,379
[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.