Nottingham Villas P = 2, 002, 000

r = .01675
n = 120 (10 years × 12 months)

A=( 2 ,002 , 000 ) (.01675)× ¿ ¿

Amortization = P 38, 822. 62

AMORTIZATION SCHEDULE
SAMPLE COMPUTATION
P Amount Interest Principa Balance
Lot Area (sqm) inner 52 l
Floor Area (sqm) 79.30 P2002000
Total Contract Price (TCP) P 2, 502, 000. 00 1 38822.62 33533.50 5289.12 1996710.88
Misc. Fees (5.5%) 137, 637. 50 2 38822.62 33444.91 5377.71 1991333.17
3 38822.62 33354.83 5467.79 1985865.38
TCP P 2, 502, 000. 00 4 38822.62 33263.25 5559.37 1980306.01
20% Down Payment 500, 500. 00 5 38822.62 33170.13 5652.49 1974653.52
Less: Reservation (25, 000. 00) 6 38822.62 33075.45 5747.14 1968906.38
Net Down Payment P475, 500. 00 7 38822.62 32979.18 5843.44 1963062.94
8 38822.62 32881.30 5941.32 1957121.62
30 mos. To pay (no interest) 15, 850. 00 9 38822.62 32781.79 6040.83 1951080.79
Misc. Fees (30 months) 4, 587. 92 10 38822.62 32680.60 6142.02 1944938.77
Total Monthly DP w/ P 20, 437. 92 … … … … …
interest 11 38822.62 1887 36935 75737
8
80% Balance P 2, 002, 000. 00 11 38822.62 1269 37554 38183
In-house Amortization (10 38, 822. 62 9
years) / Rate = .01675 12 38822.62 640 38183 0
0

A=P× r ¿¿
SALES AGENT COMMISSION
Where:
5% Commission for every Sales
A = Amortization/Payment Amount per Period
TCP of Nottingham Villas = P 2, 502, 500
P = Initial Principal (loan amount)
Commission = Sales × Commission Rate
r = interest rate per period
Commission = (P2,502,500) (0.05)
n = total number of payments or periods
Commission of the Sales Agent = P 125, 125

 In-House Amortization