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SAMPLE COMPUTATION FOR RIDGE CREST
THE MADISON HOUSE MODEL

IN-HOUSE FINANCING SCHEME
(INNER LOT)

PRICE STARTS AT PHP 1,700,000.00 AND UP

Typical Selling Price Php 1,700,000.00
Legal & Miscellaneous Fee Php 76,500.00
Total Contract Price Php 1,776,500.00
Loanable Amount Php 1,360,000.00
DP/Equity Payment Php 340,000.00
Less: Reservation Fee Php 30,000.00
Net Equity Php 310,000.00
Monthly Equity Payment
- Payable within 12 mos.
Php 25,833.33

Monthly Amortization
(Excluding MRI/Fire)

5 years to pay with 18% interest Php 34,535.06
10 years to pay with 21% interest Php 27,190.71

 

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

PRICE STARTS AT PHP 1,700,000.00 AND UP

Typical Selling Price Php 1,700,000.00
Less: Reservation Fee Php 30,000.00
Selling Price Net of Reservation Fee Php 1,670,000.00
10% Discount within 7 days
from the date of reservation
Php 1,503,000.00
9.5% Discount within 8 to 30 days
from the date of reservation
Php 1,511,350.00
9% Discount within 31 to 60 days
from the date of reservation
Php 1,519,700.00
8.5% Discount within 61 to 90 days
from the date of reservation
Php 1,528,050.00

 

BANK FINANCING SCHEME
(INNER LOT)

PRICE STARTS AT PHP 1,700,000.00 AND UP

Typical Selling Price Php 1,700,000.00
Legal & Miscellaneous Fee Php 136,000.00
Total Contract Price Php 1,836,000.00
Loanable Amount Php 1,496,000.00
DP/Equity Payment Php 340,000.00
Less: Reservation Fee Php 30,000.00
Net Equity Php 310,000.00
Monthly Equity Payment
- payable within 12 mos.
Php 25,833.33

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 32,154.87
10 years to pay with 10.5% interest Php 20,186.28
15 years to pay with 10.5% interest Php 16,536.77
20 years to pay with 10.5% interest Php 14,935.77
25 years to pay with 10.5% interest Php 14,124.96
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