OTHER CHARGES 159,496.94
NET SELLING PRICE
INCLUSIVE OF OTHER CHARGES P1,860,706.94
Downpayment 10%
186,070.69
Less: Reservation Fee (RF) (20,000.00)
Month 1-12th 13,839.27 /month
BALANCE LESS DOWNPAYMENT (Loanable from a financing
institution)
P1,674,636.25
SAMPLE BANK COMPUTATION: Estimated
Required Monthly Income
20 years
to pay 14,938.14 P 50,000
15 years
to pay 16,865.94 P 57,000
10 years
to pay 21,104.98 P 71,000
5 years
to pay 34,665.24 P 116,000
Note:
The above monthly amortization is computed based on 8.88% interest rate for the
term indicated. However, the actual rate
is fixed for 5 years, subject to repricing on the 6th year onwards. The actual amount will be based on the financing institution's interest
rate.