Monthly Repayment
$1,051,310
Minimum Household Income
$2,102,620
Mortgage Plan
Expenses
Stamp Duty [1]
12,750,000
Agent Commission [2]
3,000,000
Sub Total
15,750,000
Deposit
Initial Deposit (5%) [3]
15,000,000
S & P Agreement (5%) [3]
15,000,000
Further Down Payment
60,000,000
Sub Total
90,000,000
Total Cash Outlay
105,750,000
Financing
210,000,000
Total Interest Payable
105,393,000
Total Repayment
315,393,000
Monthly Repayment
1,051,310
[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.