Monthly Repayment
$104,431
Minimum Household Income
$208,862
Mortgage Plan
Expenses
Stamp Duty [1]
1,266,500
Agent Commission [2]
298,000
Sub Total
1,564,500
Deposit
Initial Deposit (5%) [3]
1,490,000
S & P Agreement (5%) [3]
1,490,000
Further Down Payment
5,960,000
Sub Total
8,940,000
Total Cash Outlay
10,504,500
Financing
20,860,000
Total Interest Payable
10,469,300
Total Repayment
31,329,300
Monthly Repayment
104,431
[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.