Monthly Repayment
$420,524
Minimum Household Income
$841,048
Mortgage Plan
Expenses
Stamp Duty [1]
5,100,000
Agent Commission [2]
1,200,000
Sub Total
6,300,000
Deposit
Initial Deposit (5%) [3]
6,000,000
S & P Agreement (5%) [3]
6,000,000
Further Down Payment
24,000,000
Sub Total
36,000,000
Total Cash Outlay
42,300,000
Financing
84,000,000
Total Interest Payable
42,157,200
Total Repayment
126,157,200
Monthly Repayment
420,524
[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.