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    Sample Computation: 10% Bank Fin

    Uploaded by

    jon
    This document provides sample computations for a 10% bank financing option for the purchase of a condominium unit. It shows the total list price, discounts for different payment options, registration fees, VAT, and total contract price. It then shows calculations for the down payment amount and monthly amortization for the 90% bank financing over 3, 5, and 10 year terms at 8.0% and 10.5% interest. Notes at the bottom provide additional details on pricing and terms.

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    Download as PDF, TXT or read online from Scribd

    Sample Computation: 10% Bank Fin

    Uploaded by

    jon
    20 views1 page
    This document provides sample computations for a 10% bank financing option for the purchase of a condominium unit. It shows the total list price, discounts for different payment options, registration fees, VAT, and total contract price. It then shows calculations for the down payment amount and monthly amortization for the 90% bank financing over 3, 5, and 10 year terms at 8.0% and 10.5% interest. Notes at the bottom provide additional details on pricing and terms.

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    ytyrtytryhr

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    4630

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    This document provides sample computations for a 10% bank financing option for the purchase of a condominium unit. It shows the total list price, discounts for different payment options, registration fees, VAT, and total contract price. It then shows calculations for the down payment amount and monthly amortization for the 90% bank financing over 3, 5, and 10 year terms at 8.0% and 10.5% interest. Notes at the bottom provide additional details on pricing and terms.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    20 views1 page

    Sample Computation: 10% Bank Fin

    Uploaded by

    jon
    This document provides sample computations for a 10% bank financing option for the purchase of a condominium unit. It shows the total list price, discounts for different payment options, registration fees, VAT, and total contract price. It then shows calculations for the down payment amount and monthly amortization for the 90% bank financing over 3, 5, and 10 year terms at 8.0% and 10.5% interest. Notes at the bottom provide additional details on pricing and terms.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    10% BANK FIN

    SAMPLE COMPUTATION
    Bank Financing 10/90

    BUYERS NAME : Total List Price: 2,684,464.25


    Building: 4 Floor: 6 Unit: 30 Discount:
    Unit Area: 32.07 Price / sqm: 83,706.40 Total Selling Price 2,684,464.25
    Usable Area: . Registration Fees : 134,223.21
    Total Area: 32.07 E-VAT -

    Total Contract Price 2,818,700.00

    SPOT CASH : Upon Reservation Total List Price 2,684,464.25


    8% DISCOUNT less 8% discount on TLP 214,760.00
    Net Selling Price 2,469,704.25
    RF/E-vat 123,485.21
    New Total Contract Price 2,593,200.00
    less Reservation -
    Spot Cash Payment 2,593,200.00
    SPOT CASH : 30 days Total List Price 2,684,464.25
    5% DISCOUNT less 5% discount on TLP 134,223.00
    Net Selling Price 2,550,241.25
    RF/E-vat 127,512.06
    . New Total Contract Price 2,677,800.00
    less Reservation 20,000.00
    Spot Cash Payment 2,657,800.00
    DEFERRED CASH : 18 MONTHS Total Contract Price 2,818,700.00
    NO DP; No Interest less Reservation 20,000.00
    Insurance Factor Rate Balance 2,798,700.00
    - Insurance for Balance Total M.I. w/ Insurance 155,483.33
    PROMO TERM: LOW INTEREST RATE SCHEME (10-90)
    Down Payment: 10% Payable in: 18 Months Total Contract Price 2,818,700.00
    Balance: 90% Payable in: 3 Years less Downpayment 281,870.00
    @ 8.0% Interest Rate less Reservation 20,000.00
    0.0000000000 Insurance Factor Rate Balance 2,536,830.00
    - Insurance for Balance DP 14,548.33
    Total M.A. 79,495.03

    Down Payment: 10% Payable in: 18 Months Total Contract Price 2,818,700.00
    Balance: 90% Payable in: 5 Years less Downpayment 281,870.00
    @ 8.0% Interest Rate less Reservation 20,000.00
    0.0000000000 Insurance Factor Rate Balance 2,536,830.00
    - Insurance for Balance DP 14,548.33
    Total M.A. 51,437.77

    Down Payment: 10% Payable in: 18 Months Total Contract Price 2,818,700.00
    Balance: 90% Payable in: 10 Years less Downpayment 281,870.00
    @ 10.5% Interest Rate less Reservation 20,000.00
    Balance 2,536,830.00
    0.0000000000 Insurance Factor Rate DP 14,548.33
    - Insurance for Balance Total M.A. 34,230.71

    V. 09232014
    Notes:
    1. Prices quoted only apply to these set of units.
    2. The developer reserves the right to adjust errors resulting from any typographical errors.
    3. PRICES AND TERMS ARE SUBJECT TO CHANGE WITHOUT PRIOR NOTICE.
    4. TOTAL CONTRACT PRICE (TCP) includes registration fee and EVAT (For TSP Php 3,199,200.00 and up.)
    5. Discounts are based on the Total List Price (If any).
    6. Monthly Insurance for In-house Financing will start after Full Payment of DP. 3199200

    Page 1

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