Monthly Repayment
$145,432
Minimum Household Income
$290,864
Mortgage Plan
Expenses
Stamp Duty [1]
1,763,751
Agent Commission [2]
415,000
Sub Total
2,178,751
Deposit
Initial Deposit (5%) [3]
2,075,000
S & P Agreement (5%) [3]
2,075,000
Further Down Payment
8,300,000
Sub Total
12,450,000
Total Cash Outlay
14,628,751
Financing
29,050,000
Total Interest Payable
14,579,600
Total Repayment
43,629,600
Monthly Repayment
145,432
[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.