Madison House Model

Ridgecrest, Daang Hari, Molino, Bacoor, Cavite

Updated: 15-Oct-2008

Sample Computation

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

 

Disclaimer: All amounts and figures in this form are for sample computation purposes only. Updated as of Oct. 10, 2008.
For more information, please contact:

MARY ANN MORENO
Tel. No.: +63 2 357 9796 / +63 2 482 8262 / +63 917 865 0725
Fax No.: +63 2 534 6299
Email: info@bahaycentral.com

 


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