redwood House Model

PROJECT	Las Verandas Villas
House Model	Redwood
Unit	Regular Unit
Floor Area	77.6 sqm
Lot Area	80 sqm

 

Option 1: Bank Financing 20%DP

SELLING PRICE (SP)	1,900,000.00
RESERVATION FEE:	20,000.00
DOWNPAYMENT:
20% of SP	380,000.00
Less Reservation Fee	20,000.00
Net Downpayment	360,000.00
Monthly Downpayment:
12 months @ 0%interest	30,000.00
15 months @ 0%interest	24,000.00
18 months @ 0%interest	20,000.00
AMORTIZATION:
Loanable Amount (80% of SP + 8% Proc fee)	1,672,000.00
Monthly Amortization:
5 Years @ 10.5%P.A.	35,937.80
10 Years @ 10.5% P.A.	22,561.13
15 Years @ 10.5% P.A.	18,482.27
20 Years @ 10.5% P.A.	16,692.91

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

 

Option 2: Inhouse Financing 20% DP

SELLING PRICE (SP)	1,900,000.00
RESERVATION FEE:	20,000.00
DOWNPAYMENT:
20% of SP	380,000.00
Add Processing Fee (4.5% of SP)	85,500.00
Less Reservation Fee	20,000.00
Net Downpayment	445,500.00
Monthly Downpayment:
12 months @ 0%interest	37,125.00
15 months @ 0%interest	29,700.00
18 months @ 0%interest	24,750.00
AMORTIZATION:
Loanable Amount (80% of SP)	1,520,000.00
Monthly Amortization:
5 Years @ 18%P.A.	38,598.01
10 Years @ 21% P.A.	30,389.62