Sabine House Model

Ridgecrest, Daang Hari, Molino 4, Bacoor, Cavite

Updated: 10-July-2010

Sample Computation

PROJECT BELLEFORT ESTATES
House Model SABINE
Unit Regular Unit
Floor Area 85 sqm
Lot Area 110 sqm


Option 1: BANK Financing 20%DP

SELLING PRICE (SP) 3,189,000.00
RESERVATION FEE: 40,000.00
   
DOWNPAYMENT:  
20% of SP 637,800.00
Less Reservation Fee 40,000.00
Net Downpayment 597,800.00
Monthly Downpayment:  
15 months @ 0%interest 39,853.33
18 months @ 0%interest 33,211.11
   
AMORTIZATION:  
Loanable Amount (80% of SP + 8% Proc fee)  2,806,320.00
Monthly Amortization:  
5 Years @ 10.5%P.A. 61,583.35
10 Years @ 10.5% P.A. 39,131.67
15 Years @ 10.5% P.A. 32,073.40
Notes for Bank Financing:
  • All amounts and figures in this form are for sample computation purposes only.
  • 20 years maximum loan term available for locally employed
  • 15 years maximum loan term available for OFW
  • 8% processing fee Processing Fees already includes TitleTransfer fees and documentary stamp expenses
  • 8% processing fee can be either be included as part of downpayment or loanable amount
  • REQUIRED INCOME = (Monthly Amortization)/0.3

 

Option 2: Inhouse Financing 20%DP

SELLING PRICE (SP) 3,189,000.00
RESERVATION FEE: 40,000.00
   
DOWNPAYMENT:  
20% of SP 637,800.00
Add Processing Fee (4.5% of SP) 143,505.00
Less Reservation Fee 40,000.00
Net Downpayment 741,305.00
Monthly Downpayment:  
15 months @ 0%interest 49,420.33
18 months @ 0%interest 41,183.61
   
AMORTIZATION:  
Loanable Amount (80% of SP)  2,551,200.00
Monthly Amortization:  
5 Years @ 18%P.A. 64,783.72
10 Years @ 21% P.A. 51,006.58

 

NOTES:

  • Reservation Fee is non-refundable and non-transferrable in case of withdrawal and cancellation
  • Pag-ibig Financing can be availed thru individual application
  • Disclaimer: All amounts and figures in this form are for sample computation purposes only.

For more information and site visits, please contact us:

ROLDAN C. BINUYA
Licensed Real Estate Broker
REBL No. 20673
Landline: +63 2 506 3671
Mobile: +63 917 865 0725

MARY ANN M. BINUYA
Licensed Real Estate Broker
REBL No. 20591
Landline: +63 2 482 8262
Mobile: +63 918 935 2835

Email: info@bahaycentral.com

 


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