Monthly Repayment
$106,884
Minimum Household Income
$213,768
Mortgage Plan
Expenses
Stamp Duty [1]
1,296,250
Agent Commission [2]
305,000
Sub Total
1,601,250
Deposit
Initial Deposit (5%) [3]
1,525,000
S & P Agreement (5%) [3]
1,525,000
Further Down Payment
6,100,000
Sub Total
9,150,000
Total Cash Outlay
10,751,250
Financing
21,350,000
Total Interest Payable
10,715,200
Total Repayment
32,065,200
Monthly Repayment
106,884
[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.