13/03/2017
Chester place Dasma
Barangay Burol, Dasmarinas, Cavite
SA 72 Model House-Complete
3 Bedroom
2 Toilet and bath
Minimum Lot area: 100sqm
Floor area: 72sqm
Sample computation (for reference only)
BANK FINANCING
Total Package Price: P2, 657, 600.00
20% down Payment (DP): P531, 520. 00
Less reservation fee: P40, 000
Add misc. Fee: P25, 800
Add ERT: P26, 576
Total Down Payment: P543, 396
Split DP for 24 months: P22, 662. 33/per month
Balance (80%): P2, 126, 080
15 yrs at 8% int./p.a.: P20,317.93
Add ERT: P132, 880
15 yrs at 8% int./p.a.: P1, 269.87
Total Monthly Amortization (MA): P21,587.80
IN-HOUSE FINANCING:
Total Package Price: P2, 657, 600
20% down payment: P531, 520
Less reservation fee: P40,000
Add misc. fee: P25, 800
Total down payment: P517, 320
Split DP for 24 months: P21, 555
Balance (80%): P2, 126, 080
10 yrs at 18% int. rate/p.a.: 38,330.08
Add ERT:P93, 016
10 yrs: P775.13
Total monthly amortization (MA): P39, 105.21
NOTE:
-Misc fee covered: premium fire insurance for 1 yr, electric connection, building and lot plan fee
-Estimated Registration of Title (ERT)
-ERT loanable to bank 5% only
-For in-house financing: ERT payable simultaneously to monthly amortization (MA)
-Gross income for Bank financing: P72k/month
-Gross income for In-house financing: P92k/month
