Monthly Repayment
$122,303
Minimum Household Income
$244,606
Mortgage Plan
Expenses
Stamp Duty [1]
1,483,250
Agent Commission [2]
349,000
Sub Total
1,832,250
Deposit
Initial Deposit (5%) [3]
1,745,000
S & P Agreement (5%) [3]
1,745,000
Further Down Payment
6,980,000
Sub Total
10,470,000
Total Cash Outlay
12,302,250
Financing
24,430,000
Total Interest Payable
12,260,900
Total Repayment
36,690,900
Monthly Repayment
122,303
[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.