Monthly Repayment
$145,081
Minimum Household Income
$290,162
Mortgage Plan
Expenses
Stamp Duty [1]
1,759,501
Agent Commission [2]
414,000
Sub Total
2,173,501
Deposit
Initial Deposit (5%) [3]
2,070,000
S & P Agreement (5%) [3]
2,070,000
Further Down Payment
8,280,000
Sub Total
12,420,000
Total Cash Outlay
14,593,501
Financing
28,980,000
Total Interest Payable
14,544,300
Total Repayment
43,524,300
Monthly Repayment
145,081
[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.