Monthly Repayment
$148,586
Minimum Household Income
$297,172
Mortgage Plan
Expenses
Stamp Duty [1]
1,802,001
Agent Commission [2]
424,000
Sub Total
2,226,001
Deposit
Initial Deposit (5%) [3]
2,120,000
S & P Agreement (5%) [3]
2,120,000
Further Down Payment
8,480,000
Sub Total
12,720,000
Total Cash Outlay
14,946,001
Financing
29,680,000
Total Interest Payable
14,895,800
Total Repayment
44,575,800
Monthly Repayment
148,586
[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.