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  • Easy Downpayment-Haven

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    This document provides a sample computation for purchasing a house model called HAVEN with a floor area of 80 sqm and lot area of 85 sqm at a list price of PHP 2,117,000. It outlines the total contract price including processing fees, required downpayment, loanable amount through bank financing, and monthly amortization and income requirements for financing periods of 5, 10, 15, and 20 years.

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    This document provides a sample computation for purchasing a house model called HAVEN with a floor area of 80 sqm and lot area of 85 sqm at a list price of PHP 2,117,000. It outlines the total contract price including processing fees, required downpayment, loanable amount through bank financing, and monthly amortization and income requirements for financing periods of 5, 10, 15, and 20 years.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    15 views1 page

    Easy Downpayment-Haven

    Uploaded by

    api-302402031
    This document provides a sample computation for purchasing a house model called HAVEN with a floor area of 80 sqm and lot area of 85 sqm at a list price of PHP 2,117,000. It outlines the total contract price including processing fees, required downpayment, loanable amount through bank financing, and monthly amortization and income requirements for financing periods of 5, 10, 15, and 20 years.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    SAMPLE COMPUTATION

    House Model
    Floor Area
    Lot Area
    List Price
    Add: Processing Fee
    Total Contract Price
    Required Downpayment (12.50%)

    Php
    Php

    Less: Reservation Fee

    HAVEN
    80 sq.m.
    85 sq.m.
    2,117,000.00
    254,040.00
    2,371,040.00
    296,380.00
    20,000.00

    Net Downpayment
    Monthly Downpayment Payable in 6 months

    276,380.00
    46,063.33

    Loanable Amount thru Bank Financing (87.50%)

    2,074,660.00

    Monthly Amortization thru Bank Financing @ 8% interest


    5 years to pay

    Php

    42,066.62

    10 years to pay
    15 years to pay (max. term for OFW)

    25,171.35
    19,826.53

    20 years to pay (max. term for Locally Employed)

    17,353.29

    Combined Gross Monthly Income Requirement


    For 5 years to pay
    For 10 years to pay
    For 15 years to pay
    For 20 years to pay

    Php

    140,222.08
    83,904.50
    66,088.44
    57,844.29

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