SAMPLE COMPUTATION FOR RIDGE CREST
THE MADISON HOUSE MODEL

IN-HOUSE FINANCING SCHEME
(INNER LOT)

Typical Selling Price	Php 2,100,000.00
Legal & Miscellaneous Fee	Php 94,500.00
Total Contract Price	Php 2,194,500.00

Loanable Amount	Php 1,680,000.00
DP/Equity Payment	Php 514,500.00
Less: Reservation Fee	Php 30,000.00
Net Equity	Php 484,500.00
Monthly Equity Payment - Payable within 12 mos.	Php 40,375.00

Monthly Amortization (Excluding MRI/Fire)
6 years to pay with 18% interest	Php 38,317.09
10 years to pay with 21% interest	Php 33,588.52

Typical Selling Price	Php 2,100,000.00
Less: Reservation Fee	Php 20,000.00
Selling Price Net of Reservation Fee	Php 2,080,000.00
10% Discount within 7 days from the date of reservation	Php 1,872,000.00
9.5% Discount within 8 to 30 days from the date of reservation	Php 1,882,400.00
9% Discount within 31 to 60 days from the date of reservation	Php 1,892,800.00
8.5% Discount within 61 to 90 days from the date of reservation	Php 1,913,600.00

Typical Selling Price	Php 2,100,000.00
Legal & Miscellaneous Fee	Php 168,000.00
Total Contract Price	Php 2,268,000.00

Loanable Amount	Php 1,848,000.00
DP/Equity Payment	Php 420,000.00
Less: Reservation Fee	Php 30,000.00
Net Equity	Php 390,000.00
Monthly Equity Payment - payable within 12 mos.	Php 32,500.00

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 39,720.73
10 years to pay with 10.5% interest	Php 24,935.99
15 years to pay with 10.5% interest	Php 20,427.77
20 years to pay with 10.5% interest	Php 18,450.06
25 years to pay with 10.5% interest	Php 17,448.48