Madison House Model
Ridgecrest, Daang Hari, Molino, Bacoor, CaviteUpdated: 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:
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Option 2: Inhouse Financing 20%DP
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NOTES:
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