Madison House Model

PROJECT	RIDGECREST
House Model	Madison
Unit	Regular Unit
Floor Area	110 sqm
Lot Area	80 sqm

Option 1: Bank Financing 20% DP

SELLING PRICE (SP)	2,120,000.00
RESERVATION FEE:	30,000.00
DOWNPAYMENT:
20% of SP	424,000.00
Less Reservation Fee	30,000.00
Net Downpayment	394,000.00
Monthly Downpayment:
12 months @ 0%interest	32,833.33
15 months @ 0%interest	26,266.67
AMORTIZATION:
Loanable Amount (80% of SP + 8% Proc fee)	1,865,600.00
Monthly Amortization:
5 Years @ 10.5%P.A.	40,099.02
10 Years @ 10.5% P.A.	25,173.47
15 Years @ 10.5% P.A.	20,622.32

Notes for Bank Financing: All amounts and figures in this form are for sample computation purposes only. Registration Fees, TitleTransfer fees, and documentary stamps expenses are already included in the 8% processing fee added to the loanable amount.

 

Option 2: Inhouse Financing 20%DP

SELLING PRICE (SP)	2,120,000.00
RESERVATION FEE:	30,000.00
DOWNPAYMENT:
20% of SP	424,000.00
Add Processing Fee (4.5% of SP)	95,400.00
Less Reservation Fee	30,000.00
Net Downpayment	489,400.00
Monthly Downpayment:
12 months @ 0%interest	40,783.33
15 months @ 0%interest	32,626.67
AMORTIZATION:
Loanable Amount (80% of SP)	1,696,000.00
Monthly Amortization:
5 Years @ 18%P.A.	43,067.26
10 Years @ 21% P.A.	33,908.42