Katrina Keng

Marie Cu
Alyssa Celdran
1. Calculate the amount to be paid for the downpayment. Can you afford to take this much money out
of your accounts?
YES

Downpayment:
Tot avail:

970,000.00
1,000,000.00

2. Calculate the total of the monthly payments related to ownership of the condominium
(mortgage, maintenance, utilities). Note that some annual expenses must be converted to m
expenses.
Mortgage
PHP 49,150.20
Condo Maintenance
4338
Utilities
5250
TOTAL CONDO EXPENSES
PHP 58,738.20
3. Diff between monthly take home and condo-related expenses
PHP 41,261.80
4. What percent of your monthly net pay are the condominium-related expenses?
59%
5. Create an amortization schedule for your mortgage.
Period

OP at beginning of yr

I at 0.0075

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

Php3,880,000.00
3,859,949.80
3,839,749.22
3,819,397.14
3,798,892.42
3,778,233.91
3,757,420.47
3,736,450.92
3,715,324.10
3,694,038.83
3,672,593.92
3,650,988.18
3,629,220.39
3,607,289.34
3,585,193.81

Php29,100.00
28,949.62
28,798.12
28,645.48
28,491.69
28,336.75
28,180.65
28,023.38
27,864.93
27,705.29
27,544.45
27,382.41
27,219.15
27,054.67
26,888.95

16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58

3,562,932.57
3,540,504.36
3,517,907.94
3,495,142.05
3,472,205.42
3,449,096.76
3,425,814.78
3,402,358.19
3,378,725.68
3,354,915.92
3,330,927.59
3,306,759.35
3,282,409.84
3,257,877.72
3,233,161.60
3,208,260.11
3,183,171.86
3,157,895.45
3,132,429.47
3,106,772.49
3,080,923.08
3,054,879.80
3,028,641.20
3,002,205.81
2,975,572.15
2,948,738.74
2,921,704.08
2,894,466.66
2,867,024.96
2,839,377.45
2,811,522.58
2,783,458.80
2,755,184.54
2,726,698.23
2,697,998.26
2,669,083.05
2,639,950.97
2,610,600.40
2,581,029.71
2,551,237.23
2,521,221.31
2,490,980.27
2,460,512.42

26,721.99
26,553.78
26,384.31
26,213.57
26,041.54
25,868.23
25,693.61
25,517.69
25,340.44
25,161.87
24,981.96
24,800.70
24,618.07
24,434.08
24,248.71
24,061.95
23,873.79
23,684.22
23,493.22
23,300.79
23,106.92
22,911.60
22,714.81
22,516.54
22,316.79
22,115.54
21,912.78
21,708.50
21,502.69
21,295.33
21,086.42
20,875.94
20,663.88
20,450.24
20,234.99
20,018.12
19,799.63
19,579.50
19,357.72
19,134.28
18,909.16
18,682.35
18,453.84

59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101

2,429,816.06
2,398,889.48
2,367,730.95
2,336,338.74
2,304,711.08
2,272,846.21
2,240,742.36
2,208,397.72
2,175,810.51
2,142,978.88
2,109,901.03
2,076,575.08
2,042,999.20
2,009,171.49
1,975,090.08
1,940,753.05
1,906,158.50
1,871,304.49
1,836,189.07
1,800,810.29
1,765,166.16
1,729,254.71
1,693,073.92
1,656,621.78
1,619,896.24
1,582,895.26
1,545,616.77
1,508,058.70
1,470,218.94
1,432,095.38
1,393,685.90
1,354,988.34
1,316,000.55
1,276,720.36
1,237,145.56
1,197,273.95
1,157,103.31
1,116,631.38
1,075,855.92
1,034,774.63
993,385.24
951,685.43
909,672.87

18,223.62
17,991.67
17,757.98
17,522.54
17,285.33
17,046.35
16,805.57
16,562.98
16,318.58
16,072.34
15,824.26
15,574.31
15,322.49
15,068.79
14,813.18
14,555.65
14,296.19
14,034.78
13,771.42
13,506.08
13,238.75
12,969.41
12,698.05
12,424.66
12,149.22
11,871.71
11,592.13
11,310.44
11,026.64
10,740.72
10,452.64
10,162.41
9,870.00
9,575.40
9,278.59
8,979.55
8,678.27
8,374.74
8,068.92
7,760.81
7,450.39
7,137.64
6,822.55

102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120

867,345.22
824,700.11
781,735.16
738,447.97
694,836.13
650,897.20
606,628.73
562,028.25
517,093.26
471,821.26
426,209.72
380,256.09
333,957.81
287,312.29
240,316.94
192,969.11
145,266.18
97,205.48
48,784.32

6,505.09
6,185.25
5,863.01
5,538.36
5,211.27
4,881.73
4,549.72
4,215.21
3,878.20
3,538.66
3,196.57
2,851.92
2,504.68
2,154.84
1,802.38
1,447.27
1,089.50
729.04
365.88

BUSANA C40

e this much money out

ownership of the condominium

expenses must be converted to monthly

nium-related expenses?

Php49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20

Princripal Repaid

Php20,050.20
20,200.58
20,352.08
20,504.72
20,658.51
20,813.45
20,969.55
21,126.82
21,285.27
21,444.91
21,605.75
21,767.79
21,931.05
22,095.53
22,261.25

OL at end of yr
3880000

Php3,859,949.80
3,839,749.22
3,819,397.14
3,798,892.42
3,778,233.91
3,757,420.47
3,736,450.92
3,715,324.10
3,694,038.83
3,672,593.92
3,650,988.18
3,629,220.39
3,607,289.34
3,585,193.81
3,562,932.57

49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20

22,428.21
22,596.42
22,765.89
22,936.63
23,108.66
23,281.97
23,456.59
23,632.51
23,809.76
23,988.33
24,168.24
24,349.51
24,532.13
24,716.12
24,901.49
25,088.25
25,276.41
25,465.98
25,656.98
25,849.41
26,043.28
26,238.60
26,435.39
26,633.66
26,833.41
27,034.66
27,237.42
27,441.70
27,647.51
27,854.87
28,063.78
28,274.26
28,486.32
28,699.96
28,915.21
29,132.08
29,350.57
29,570.70
29,792.48
30,015.92
30,241.04
30,467.85
30,696.36

3,540,504.36
3,517,907.94
3,495,142.05
3,472,205.42
3,449,096.76
3,425,814.78
3,402,358.19
3,378,725.68
3,354,915.92
3,330,927.59
3,306,759.35
3,282,409.84
3,257,877.72
3,233,161.60
3,208,260.11
3,183,171.86
3,157,895.45
3,132,429.47
3,106,772.49
3,080,923.08
3,054,879.80
3,028,641.20
3,002,205.81
2,975,572.15
2,948,738.74
2,921,704.08
2,894,466.66
2,867,024.96
2,839,377.45
2,811,522.58
2,783,458.80
2,755,184.54
2,726,698.23
2,697,998.26
2,669,083.05
2,639,950.97
2,610,600.40
2,581,029.71
2,551,237.23
2,521,221.31
2,490,980.27
2,460,512.42
2,429,816.06

49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20

30,926.58
31,158.53
31,392.22
31,627.66
31,864.87
32,103.85
32,344.63
32,587.22
32,831.62
33,077.86
33,325.94
33,575.89
33,827.71
34,081.41
34,337.02
34,594.55
34,854.01
35,115.42
35,378.78
35,644.12
35,911.45
36,180.79
36,452.15
36,725.54
37,000.98
37,278.49
37,558.07
37,839.76
38,123.56
38,409.48
38,697.56
38,987.79
39,280.20
39,574.80
39,871.61
40,170.65
40,471.93
40,775.46
41,081.28
41,389.39
41,699.81
42,012.56
42,327.65

2,398,889.48
2,367,730.95
2,336,338.74
2,304,711.08
2,272,846.21
2,240,742.36
2,208,397.72
2,175,810.51
2,142,978.88
2,109,901.03
2,076,575.08
2,042,999.20
2,009,171.49
1,975,090.08
1,940,753.05
1,906,158.50
1,871,304.49
1,836,189.07
1,800,810.29
1,765,166.16
1,729,254.71
1,693,073.92
1,656,621.78
1,619,896.24
1,582,895.26
1,545,616.77
1,508,058.70
1,470,218.94
1,432,095.38
1,393,685.90
1,354,988.34
1,316,000.55
1,276,720.36
1,237,145.56
1,197,273.95
1,157,103.31
1,116,631.38
1,075,855.92
1,034,774.63
993,385.24
951,685.43
909,672.87
867,345.22

49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20
49,150.20

42,645.11
42,964.95
43,287.19
43,611.84
43,938.93
44,268.47
44,600.48
44,934.99
45,272.00
45,611.54
45,953.63
46,298.28
46,645.52
46,995.36
47,347.82
47,702.93
48,060.70
48,421.16
48,784.32

824,700.11
781,735.16
738,447.97
694,836.13
650,897.20
606,628.73
562,028.25
517,093.26
471,821.26
426,209.72
380,256.09
333,957.81
287,312.29
240,316.94
192,969.11
145,266.18
97,205.48
48,784.32
0.00