Tuesday, September 9, 2008

SAMPLE COMPUTATION 20/80 PAYMENT SCHEME

SAMPLE COMPUTATION: PINNACLE UNIT (LOFT UNIT, 65.5sqm
Terms: 20% downpayment, 80% balance 10 years to pay

Total Contract Price : Php6,231,000.00
Regular discount, 3%: (186,930.00)
Discount (PDC), 2% : (120,881.40)
Net Contract Price 5,923,188.60
20% downpayment 1,184,637.72
spot cash discount, 0.25% 2,961.59
Downpayment 1,181,676.13
Less Reservation Fee 20,000.00
Net Downpayment 1,216,798.62 - payable 1 month after date of reservation (including closing fees)

80% balance 4,738,550.88
payable in 120 months 86,882.18 per month (including closing fees)

SAMPLE COMPUTATION: PANORAMA UNIT 46.5 sq.m. FURNISHED
SAMPLE COMPUTATION: 20/80 SCHEME

LOWER GROUND FLOOR
Total Contract Price: Php 4,257,000.00
Discount, 3% 127,710.00
Net Contract Price 4,129,000.00
Discount, PDC, 2% 82,585.80
Contract Price 4,046,704.20
closing fees terms, 5.5% 222,457.45
Total 4,269,161.65

Downpayment, 20% 809,340.84
Spot cash discount, 0.25% 2,023.35
Net downpayment 807,317.49
Less reservation fee (20,000.00)
Net downpayment 787,317.49
Closing fee, 20% 44,491.49
Total Downpayment 831,808.98 payable 30 days after reservation

Balance, 80% 3,237,363.36
80% closing fess 177,965.96
Total 3,415,329.32
factor rate 1.737977%
Monthly Ammortization 59,357.64 per month for 120 months (including closing fees)

UPPER GROUND FLOOR

Total Contract Price: Php4,509,000.00
Discount, 3% 135,270.00
Net Contract Price 4,373,730.00
Discount, PDC, 2% 87,474.60
Contract Price 4,286,255.40
closing fees terms, 5.5% 235,626.17
Total 4,521,881.57

Downpayment, 20% 857,251.08
Spot cash discount, 0.25% 2,143.13
Net downpayment 855,107.95
Less reservation fee (20,000.00)
Net downpayment 835,107.95
Closing fee, 20% 47,125.23
Total Downpayment 882,233.19 payable 30 days after reservation

Balance, 80% 3,429,004.32
80% closing fess 188,500.94
Total 3,617,505.26
factor rate 1.737977%
Monthly Ammortization 62,871.41 per month for 120 months (including closing fees)

FOR INQUIRUES, PLEASE CONTACT:
Julie Labitag
+63917-805-3429
jplabitag@gmail.com

No comments: