SAMPLE COMPUTATION STUDIO UNIT 18.60 SQM.
NET SELLING PRICE (NSP): 1,701,210.00
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.
Estimated start of turnover: 1st Quarter 2017 or buyer's eligibility, whichever comes later.
Thank you for this article! This property really suits my taste. Due to the inconveniences I’ve experience travelling far from the city, I’ve decided to invest a unit within Manila area. I am currently checking on affordable Empire East condo. I will check also the property you’ve mentioned above. Thanks again for sharing.
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