Monthly Repayment
$119,149
Minimum Household Income
$238,298
Mortgage Plan
Expenses
Stamp Duty [1]
1,445,000
Agent Commission [2]
340,000
Sub Total
1,785,000
Deposit
Initial Deposit (5%) [3]
1,700,000
S & P Agreement (5%) [3]
1,700,000
Further Down Payment
6,800,000
Sub Total
10,200,000
Total Cash Outlay
11,985,000
Financing
23,800,000
Total Interest Payable
11,944,700
Total Repayment
35,744,700
Monthly Repayment
119,149
[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.