Monthly Repayment
$117,397
Minimum Household Income
$234,794
Mortgage Plan
Expenses
Stamp Duty [1]
1,423,750
Agent Commission [2]
335,000
Sub Total
1,758,750
Deposit
Initial Deposit (5%) [3]
1,675,000
S & P Agreement (5%) [3]
1,675,000
Further Down Payment
6,700,000
Sub Total
10,050,000
Total Cash Outlay
11,808,750
Financing
23,450,000
Total Interest Payable
11,769,100
Total Repayment
35,219,100
Monthly Repayment
117,397
[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.