Monthly Repayment
$118,448
Minimum Household Income
$236,896
Mortgage Plan
Expenses
Stamp Duty [1]
1,436,500
Agent Commission [2]
338,000
Sub Total
1,774,500
Deposit
Initial Deposit (5%) [3]
1,690,000
S & P Agreement (5%) [3]
1,690,000
Further Down Payment
6,760,000
Sub Total
10,140,000
Total Cash Outlay
11,914,500
Financing
23,660,000
Total Interest Payable
11,874,400
Total Repayment
35,534,400
Monthly Repayment
118,448
[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.