Monthly Repayment
$188,535
Minimum Household Income
$377,070
Mortgage Plan
Expenses
Stamp Duty [1]
2,286,500
Agent Commission [2]
538,000
Sub Total
2,824,500
Deposit
Initial Deposit (5%) [3]
2,690,000
S & P Agreement (5%) [3]
2,690,000
Further Down Payment
10,760,000
Sub Total
16,140,000
Total Cash Outlay
18,964,500
Financing
37,660,000
Total Interest Payable
18,900,500
Total Repayment
56,560,500
Monthly Repayment
188,535
[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.