Monthly Repayment
$110,388
Minimum Household Income
$220,776
Mortgage Plan
Expenses
Stamp Duty [1]
1,338,750
Agent Commission [2]
315,000
Sub Total
1,653,750
Deposit
Initial Deposit (5%) [3]
1,575,000
S & P Agreement (5%) [3]
1,575,000
Further Down Payment
6,300,000
Sub Total
9,450,000
Total Cash Outlay
11,103,750
Financing
22,050,000
Total Interest Payable
11,066,400
Total Repayment
33,116,400
Monthly Repayment
110,388
[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.