SAMPLE COMPUTATION FOR RIDGE CREST
THE MADISON HOUSE MODEL

IN-HOUSE FINANCING SCHEME
(INNER LOT)

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

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

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