Monthly Repayment
$171,714
Minimum Household Income
$343,428
Mortgage Plan
Expenses
Stamp Duty [1]
2,082,501
Agent Commission [2]
490,000
Sub Total
2,572,501
Deposit
Initial Deposit (5%) [3]
2,450,000
S & P Agreement (5%) [3]
2,450,000
Further Down Payment
9,800,000
Sub Total
14,700,000
Total Cash Outlay
17,272,501
Financing
34,300,000
Total Interest Payable
17,214,200
Total Repayment
51,514,200
Monthly Repayment
171,714
[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.