Alexis House Model
Montefaro, Carsadang Bago, Bukandala, Imus, CaviteUpdated: 28-March-2010
Sample Computation
| PROJECT | MONTEFARO VILLAGE |
| House Model | Alexis |
| Unit | Regular Unit |
| Floor Area | 60 sqm |
| Lot Area | 100 sqm |
Option 1: Bank Financing 20%DP
| SELLING PRICE (SP) | 1,751,000.00 |
| RESERVATION FEE: | 20,000.00 |
| DOWNPAYMENT: | |
| 20% of SP | 350,200.00 |
| Less Reservation Fee | 20,000.00 |
| Net Downpayment | 330,200.00 |
| Monthly Downpayment: | |
| 12 months @ 0%interest | 27,516.67 |
| 15 months @ 0%interest | 22,013.33 |
| AMORTIZATION: | |
| Loanable Amount (80% of SP + 8% Proc fee) | 1,540,880.00 |
| Monthly Amortization: | |
| 5 Years @ 10.5%P.A. | 33,813.10 |
| 10 Years @ 10.5% P.A. | 21,485.45 |
| 15 Years @ 10.5% P.A. | 17,726.45 |
Notes for Bank Financing:
|
Option 2: Inhouse Financing 20% DP
| SELLING PRICE (SP) | 1,751,000.00 |
| RESERVATION FEE: | 20,000.00 |
| DOWNPAYMENT: | |
| 20% of SP | 350,200.00 |
| Add Processing Fee (4.5% of SP) | 78,795.00 |
| Less Reservation Fee | 20,000.00 |
| Net Downpayment | 408,995.00 |
| Monthly Downpayment: | |
| 12 months @ 0%interest | 34,082.92 |
| 15 months @ 0%interest | 27,266.33 |
| AMORTIZATION: | |
| Loanable Amount (80% of SP) | 1,400,800.00 |
| Monthly Amortization: | |
| 5 Years @ 18%P.A. | 36,212.17 |
| 10 Years @ 21% P.A. | 28,647.48 |
NOTES:
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