Pricing Calculator

Maximum Refundable Accommodation Deposit (RAD) $475,000
Interest Rate Per Annum 4.10%
Hence the formula for calculating the daily accommodation payment (DAP) is calculated by deducting the amount the resident wishes to pay less the maximum RAD ($475,000) and multiplying this amount by 4.10% then dividing by 365. This figure calculates the daily payment amount or DAP.
Examples:
- Paid $475,000 then interest payable per day is $0
- Paid $0 then interest payable per day is $53.36
ie. Interest is payable on the full amount 475,000 x .0410 / 365 = $53.36 - Paid $300,000 then interest per day is $19.66
ie. Interest is payable on 175,000 x .0410 / 365 = $19.66 - Paid $150,000 then interest per day is $36.51
ie. Interest is payable on 325,000 x .0410 / 365 = $36.51