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SAMPLE COMPUTATION FOR CHESAPEAKE VILLAGE
IRIS HOUSE MODEL

IN-HOUSE FINANCING SCHEME
(INNER LOT)

PRICE STARTS AT PHP 1,912,000.00 AND UP

Typical Selling Price Php 1,912,000.00
Legal & Miscellaneous Fee Php 86,040.00
Total Contract Price Php 1,998,040.00
Loanable Amount Php 1,529,600.00
DP/Equity Payment Php 468,440.00
Less: Reservation Fee Php 20,000.00
Net Equity Php 448,440.00
Monthly Equity Payment
- Payable within 12 mos.
Php 37,370.00

Monthly Amortization
(Excluding MRI/Fire)

6 years to pay with 18% interest Php 34,886.80
10 years to pay with 21% interest Php 30,581.55

 

CASH PAYMENT SCHEME
(INNER LOT)
(Legal & Miscellaneous Fees and Reservation Fee not included in the computation of the discount)

PRICE STARTS AT PHP 1,912,000.00 AND UP

Typical Selling Price Php 1,912,000.00
Less: Reservation Fee Php 20,000.00
Selling Price Net of Reservation Fee Php 1,892,000.00
10% Discount within 7 days
from the date of reservation
Php 1,702,800.00
9.5% Discount within 8 to 30 days
from the date of reservation
Php 1,712,260.00
9% Discount within 31 to 60 days
from the date of reservation
Php 1,721,720.00
8.5% Discount within 61 to 90 days
from the date of reservation
Php 1,740,640.00

 

BANK FINANCING SCHEME
(INNER LOT)

PRICE STARTS AT PHP 1,420,000.00 AND UP

Typical Selling Price Php 1,420,000.00
Legal & Miscellaneous Fee Php 113,600.00
Total Contract Price Php 1,533,600.00
Loanable Amount Php 1,249,600.00
DP/Equity Payment Php 284,000.00
Less: Reservation Fee Php 20,000.00
Net Equity Php 264,000.00
Monthly Equity Payment
- payable within 12 mos.
Php 22,000.00

Monthly Amortization

• Bank Financing computation is base on your bank of choice and subject to the bank’s requirements
• Bank’s prevailing interest at point of takeout shall apply
• Indicative interest rate shall be used in computing for monthly amortization

5 years to pay with 10.5% interest Php 26,858.78
10 years to pay with 10.5% interest Php 16,861.48
15 years to pay with 10.5% interest Php 13,813.06
20 years to pay with 10.5% interest Php 12,475.76
25 years to pay with 10.5% interest Php 11,798.49
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