Monthly Repayment
$245,306
Minimum Household Income
$490,612
Mortgage Plan
Expenses
Stamp Duty [1]
2,975,000
Agent Commission [2]
700,000
Sub Total
3,675,000
Deposit
Initial Deposit (5%) [3]
3,500,000
S & P Agreement (5%) [3]
3,500,000
Further Down Payment
14,000,000
Sub Total
21,000,000
Total Cash Outlay
24,675,000
Financing
49,000,000
Total Interest Payable
24,591,800
Total Repayment
73,591,800
Monthly Repayment
245,306
[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.