Monthly Repayment
$120,551
Minimum Household Income
$241,102
Mortgage Plan
Expenses
Stamp Duty [1]
1,462,000
Agent Commission [2]
344,000
Sub Total
1,806,000
Deposit
Initial Deposit (5%) [3]
1,720,000
S & P Agreement (5%) [3]
1,720,000
Further Down Payment
6,880,000
Sub Total
10,320,000
Total Cash Outlay
12,126,000
Financing
24,080,000
Total Interest Payable
12,085,300
Total Repayment
36,165,300
Monthly Repayment
120,551
[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.