MADISON (3STRY, 4-BR wid Garage ) SAMPLE COMPUTATION:
OPTION 1: BANK FINANCING
Total Selling price Php 2,193,000.00
Legal and Miscellaneous Fees (BANK LMF=8%xTSP) Php 175,440.00
Total Contract Price (TCP=TSP+LMF) Php 2,368,440.00
DP/EQUITY (=20% xTSP) Php 438,600.00
Less: Reservation Php 30,000.00
Net DP/EQUITY Php 408,600.00
Payable in 12 months Php 34,050.00/mo
Loanable Amount (=TCP-DP/EQUITY) Php 1,929,840.00
MONTHLY AMORTIZATION (=LAxfactor rate) :
05 yrs (10.5% int rate thru bank, or prevailing) Php 41,479.78/mo
10 yrs (10.5% int rate thru bank, or prevailing) Php 26,040.29/mo.
15 yrs (10.5% int rate thru bank, or prevailing) Php 21,332.43/mo
20 yrs (10.5% int rate thru bank, or prevailing) Php 19,267.13/mo.
25 yrs (10.5% int rate thru bank, or prevailing) Php 18,221.19/mo.
NOTE:
MRI & FIRE insurance not yet included (~P1000).
1st DP/EQUITY payment 30-45days after date of reservation.
Move-in on the 13th to 15th month of after paying downpayment.
Developer will process the loan tied up with Metrobank and UCPB.
OPTION 2: IN- HOUSE FINANCING
Total Selling price Php 2,193,000.00
Legal and Miscellaneous Fees (IN-HOUSE LMF=4.5%xTSP) Php 98,685.00 (does not include transfer title)
Total Contract Price (TCP=TSP+LMF) Php 2,291,685.00
DP/EQUITY (=20% xTSP) Php 438,600.00
Add LMF Php 98,685.00
TOTAL DP/EQUITY Php 537,285.00
Less: Reservation Php 30,000.00
Net DP/EQUITY Php 507,285.00
Payable in 12 months Php 42,273.757/mo
Loanable Amount (=TCP-TOTAL DP/EQUITY)
(80% of TSP) Php 1,754,400.00
MONTHLY AMORTIZATION (=LAxfactor rate) :
05 years @ 18% Php 44,550.22
10 yrs @ 21% Php 35,076.01
NOTE:
MRI & FIRE insurance not yet included (~P1000).
1st DP/EQUITY payment 30-45days after date of reservation.
Move-in on the 13th to 15th month of after paying downpayment.
Developer will process the loan.
Option for a balcony, just add P90,000.00 on TSP.
OPTION 3: CASH PAYMENT SCHEME
(Legal & Miscellaneous Fees & Reservation Fee not included in the computation of the discount)
PRICE STARTS AT PHP 2,193,000.00 AND UP
Total Selling Price Php 2,193,000.00
Less: Reservation fee Php 30,000.00
Selling Price Net of Reservation Fee Php 2,163,000.00
10% Discount within 7 days from the date of reservation Php 1,946,700.00
9.5%Discount within 8 to 30 days from the date of reservatioin Php 1,957,515.00
9% Discount within 31 to 60 days from the date of reservation Php 1,968,330.00
8.5%Discount within 61 to 90 days from the date of reservation Php 1,979,145.00
*Additional Legal Miscellaneous Fees (LMF} Php 98,685.00
CONTACT PERSON: JENNIFER BAIZA
CONTACT NOS.
SUN CELLULAR: 09324562837
SMART: 09995517194
GLOBE: 09173411389
Landline no: 02-8819684,046-4815683
YM/Email: maybahayka@yahoo.com
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