Madison House Model

Ridgecrest, Daang Hari, Molino, Bacoor, Cavite

Updated: 15-July-2010

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) 2,238,000.00
RESERVATION FEE: 30,000.00
   
DOWNPAYMENT:  
20% of SP 447,600.00
Less Reservation Fee 30,000.00
Net Downpayment 417,600.00
Monthly Downpayment:  
12 months @ 0%interest 34,800.00
   
AMORTIZATION:  
Loanable Amount (80% of SP + 8% Proc fee)  1,969,440.00
Monthly Amortization:  
5 Years @ 10.5%P.A. 43,281.70
10 Years @ 10.5% P.A. 27,525.39
15 Years @ 10.5% P.A. 22,720.92
Notes for Bank Financing:
  • All amounts and figures in this form are for sample computation purposes only.
  • 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) 2,238,000.00
RESERVATION FEE: 30,000.00
   
DOWNPAYMENT:  
20% of SP 447,600.00
Add Processing Fee (4.5% of SP) 100,710.00
Less Reservation Fee 30,000.00
Net Downpayment 518,310.00
Monthly Downpayment:  
12 months @ 0%interest 43,192.50
   
AMORTIZATION:  
Loanable Amount (80% of SP)  1,790,400.00
Monthly Amortization:  
5 Years @ 18%P.A. 46,348.01
10 Years @ 21% P.A. 36,679.38

 

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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