ILUSTRATA RESIDENCES 2 BEDROOMS WITH MAID’S
BEDROOM UNIT SAMPLE COMPUTATION |
UNIT FEATURES
Floor Area -58.80 sq. meter 2 Toilet and Bath |
|
Total Contract Price (TCP) PHP 4,527,298.44 PHP 4,380,580.44
Selling Price PHP 4,191,943.00 PHP 4,191,943.00
Add: Processing Fee PHP 335,355.44 (8%) PHP 188,637.44 (4.5%)
Downpayment PHP 679,094.77(15% of TCP) PHP 1,401,785.74(32% of TCP)
Less: Reservation Fee PHP 40,000.00 PHP 40,000.00
Net Downpayment PHP 639,094.77 PHP 1,361,785.74
MONTHLY DOWNPAYMENT
1st Half PHP 17,543.78 (17 months) PHP 40,428.01 (10 months)
2nd Half PHP 26,219.27 (13 months) PHP 47,875.28 (20 months)
Total Loanable Amount PHP 3,848,203.67(85% of TCP) PHP 2,978,794.70(68% of TCP)
Interest Rate 8% Indicative Interest Rate 21% Fixed for 10 years
18% Fixed for 5 years
MONTHLY AMORTIZATION
YEARS BANK FINANCING IN-HOUSE FINANCING
5 years PHP 81,762.95 PHP 75,641.81
10 years PHP 50,854.29 PHP 59,555.54
15 years PHP 41,352.99 Not Applicable
20 years PHP 37,136.00 Not Applicable
NOTE:
Selling Price PHP 4,191,943.00 PHP 4,191,943.00
Add: Processing Fee PHP 335,355.44 (8%) PHP 188,637.44 (4.5%)
Downpayment PHP 679,094.77(15% of TCP) PHP 1,401,785.74(32% of TCP)
Less: Reservation Fee PHP 40,000.00 PHP 40,000.00
Net Downpayment PHP 639,094.77 PHP 1,361,785.74
MONTHLY DOWNPAYMENT
1st Half PHP 17,543.78 (17 months) PHP 40,428.01 (10 months)
2nd Half PHP 26,219.27 (13 months) PHP 47,875.28 (20 months)
Total Loanable Amount PHP 3,848,203.67(85% of TCP) PHP 2,978,794.70(68% of TCP)
Interest Rate 8% Indicative Interest Rate 21% Fixed for 10 years
18% Fixed for 5 years
MONTHLY AMORTIZATION
YEARS BANK FINANCING IN-HOUSE FINANCING
5 years PHP 81,762.95 PHP 75,641.81
10 years PHP 50,854.29 PHP 59,555.54
15 years PHP 41,352.99 Not Applicable
20 years PHP 37,136.00 Not Applicable
NOTE:
- Insurances: Fire and MRI insurance not yet included in the computation.
- Move-In: 31st to 33rd month.
- Monthly Amortization Payments: It will start a month after the last Down Payment.
- Processing Fees: This includes Transfer of Condominium Certificate of Title for Bank Financing. Transfer of Title not yet included for In-House Financing.
- Bank Terms: For Locally Employed, 20 years maximum. For OFW, 15 years term payment.
- Bank Affiliates: Tied up with Banco De Oro, United Coconut Planters Bank and Metrobank
- Bank Loanable Amount: Maximum approved amount will depend on salary & age. Loan maturity is 65 years for local buyers and 60 years for international buyers.