Monthly Repayment
$105,131
Minimum Household Income
$210,262
Mortgage Plan
Expenses
Stamp Duty [1]
1,275,000
Agent Commission [2]
300,000
Sub Total
1,575,000
Deposit
Initial Deposit (5%) [3]
1,500,000
S & P Agreement (5%) [3]
1,500,000
Further Down Payment
6,000,000
Sub Total
9,000,000
Total Cash Outlay
10,575,000
Financing
21,000,000
Total Interest Payable
10,539,300
Total Repayment
31,539,300
Monthly Repayment
105,131
[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.