redwood House Model

PROJECT	Silver Crest
House Model	Redwood
Unit	Regular Unit
Floor Area	77.2 sqm
Lot Area	80 sqm

 

Option 1: Bank Financing 20%DP

SELLING PRICE (SP)	1,925,000.00
RESERVATION FEE:	20,000.00
DOWNPAYMENT:
20% of SP	385,000.00
Less Reservation Fee	20,000.00
Net Downpayment	365,000.00
Monthly Downpayment:
12 months @ 0%interest	30,416.67
AMORTIZATION:
Loanable Amount (80% of SP + 8% Proc Fee)	1,694,000.00
Monthly Amortization:
10 Years @ 10.5% P.A.	23,641.79
15 Years @ 10.5% P.A.	19,509.26

Notes for Bank Financing: All amounts and figures in this form are for sample computation purposes only. 25 years maximum loan term available for locally employed 15 years maximum loan term available for OFW 8% processing fee Processing Fees already includes Registration Fees, Title Transfer fees and documentary stamp expenses 8% processing fee can be included in the loanable amount if bank is UCPB

 

Option 2: Inhouse Financing 20% DP

SELLING PRICE (SP)	1,925,000.00
RESERVATION FEE:	20,000.00
DOWNPAYMENT:
20% of SP	385,000.00
Add Processing Fee (4.5% of SP)	86,625.00
Less Reservation Fee	20,000.00
Net Downpayment	451,625.00
Monthly Downpayment:
12 months @ 0%interest	37,635.42
15 months @ 0%interest	30,108.33
18 months @ 0%interest	25,090.28
AMORTIZATION:
Loanable Amount (80% of SP)	1,540,000.00
Monthly Amortization:
5 Years @ 18%P.A.	39,105.88
10 Years @ 21% P.A.	30,789.48