Monday, March 28, 2016

EASY DOWN PAYMENT & LONGER PAYMENT TERMS


UNITS READY FOR OCCUPANCY THIS 2016

ONLY 10% DOWN PAYMENT PAYABLE IN 12 MONTHS

90% THRU BANK FINANCING

SAMPLE COMPUTATION FOR A STUDIO UNIT:


TOWER A
FLOOR 6TH
UNIT 27
AREA 23.31 SQM.
UNIT TYPE STUDIO
TOTAL CONTRACT PRICE  1,672,500.00
OTHER CHARGES 156,805.24
NET SELLING PRICE W/ CHARGES 1,829,305.24
10% DOWN PAYMENT 182,930.52
RESERVATION 15,000.00
DOWN PAYMENT NET OF RF 167,930.52
10% DUE & PAYABLE AS FOLLOWS:
1st DP   13,994.21
2nd DP  13,994.21
3rd DP  13,994.21
4th DP   13,994.21
5th DP   13,994.21
6th DP  13,994.21
7th  DP  13,994.21
8th DP   13,994.21
9th DP   13,994.21
10th DP  13,994.21
11th DP   13,994.21
12th DP   13,994.21
Balance of Net Selling Price less Down Payment        1,646,374.72

Sample Bank Computation: (Loanable from a financing institution)

20 years to pay  14,686.04                         
15 years to pay  
         16,581.31
   
   
        
10 years to pay  20,581.31                      

5 years to pay
 34,080.23
Note: The above monthly amortization is computed based on 8.88% interest rate for the term indicated .

However, the actual rate is fixed for 5 years, subject to repricing on the 6th year onwards.

The actual amount will be based on the financing institution's interest rate.



TOWER A
FLOOR 5th
UNIT 24
AREA 31.19 sqm.
UNIT TYPE deluxe
TOTAL CONTRACT PRICE  2,148,000.00
OTHER CHARGES 201,385.74
NET SELLING PRICE W/ CHARGES 2,349,385.74
10% DOWN PAYMENT 219,938.57
RESERVATION 15,000.00
DOWN PAYMENT NET OF RF 219,938.57
10% DUE & PAYABLE AS FOLLOWS:
1st DP  18,328.21
2nd DP  18,328.21
3rd DP  18,328.21
4th DP  18,328.21
5th DP  18,328.21
6th DP   18,328.21
7th  DP   18,328.21
8th  DP 18,328.21
9th DP  18,328.21
10th DP  18,328.21
11th DP  18,328.21
12th DP  18,328.21
Balance of Net Selling Price
less Down Payment                             2,114,447.17

Sample Bank Computation: (loanable from a financing institution )
20 years to pay 18,861.35
15 years to pay 21,295.45
10 years to pay 26,647.80
5 years to pay 43,769.40
Note: The above monthly amortization is computed based on 8.88% interest rate for the term indicated .
However, the actual rate is fixed for 5 years, subject to repricing on the 6th year onwards.
The actual amount will be based on the financing institution's interest rate. 



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