NET CASH PRICE : 2,990,161.00
Registration Expenses (for the transfer of title, payable on last year of amortization, in 12 monthly installments) : 131,940.00
Estimated Monthly Association Dues (60Php-70Php/sqm) : 1,840.15
Less 10% discount on downpayment :29,953.00
SPOT DOWNPAYMENT (straight payment on the 30th day after reservation, before 11AM) : 257,115.00
Balance after downpayment : 2,691,144.00
NET MONTHLY AMORTIZATION (starts next month after downpayment)
1 year payable
Discounted 1st-12th month : 236,589.00
1st -12th month : 237,849.00
2 years payable
Discounted 1st-24th month : 124,88.00
1st-24th month : 126,683.00
3 years payable
Discounted 1st-24th month : 86,834.00
25th-36th month : 90,030.00
4 years payable
Discounted 1st-24th month : 68,257.00
25th-48th month : 72,199.00
5 years payable
Discounted 1st-24th month : 57,181.00
25th-60th month : 61,924.00
6 years payable
Discounted 1st-24th month : 51,229.00
25th-72nd month :55,454.00
7 years payable
Discounted 1st-24th month : 46,084.00
25th-84th month : 51,181.00
8 years payable
Discounted 1st-24th month : 42,274.00
25th-96th month : 48,296.00
9 years payable
Discounted 1st-24th month : 39,363.00
25th-108th month : 46,353.00
10 years payable
Discounted 1st-24th month : 37,072.00
25th-120th month : 45,083.00
BANK LOAN COMPUTATION (fixed for 5 years, 6.75% int/p.a)
Percentage of Downpayment : 20%
Reservation Fee : 25,000.00
Downpayment for unit : 598,033.00
Downpayment for ERE : 29,388.00
SPOT DOWNPAYMENT (straight payment on the 30th day after reservation, before 11AM) : 602,421.00
1st Amortization (payable to Cityland, one month after DP) : 19,936.00
Bank Charges (MRI, processing fee) : 125,484.00
TOTAL CASH OUT : 747,841.00
Balance after downpayment of unit : 2,392,128.00
Balance after downpayment of ERE : 117,552.00
TOTAL LOANABLE AMOUNT : 2,509,680.00
NET MONTHLY INSTALLMENT
10 years payable
1st-60th month : 28,818.00
61st-120th month : SUBJECT TO CHANGE
15 years payable
1st-60th month : 22,209.00
61st-120th month : SUBJECT TO CHANGE
Notes:
* Prices units and discounts are on a first come, first serve basis.
* Prices are subject to change without prior notice.
* Monthly amortization is based on the diminishing balance.
* Net cash price is inclusive of discount.
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