Scribd
Upload
184 views1 page

Real Estate Financing Options

This document provides a sample computation for a 10% bank financing option on a property purchase. It shows the total list price of the property, various discount and payment options if paying cash within 30 days or deferred over 18 months, 3 years, 5 years or 10 years. The deferred options show the down payment amount, interest rate, monthly amortization and balance over the payment term. It also notes some policies around pricing, discounts and insurance.

Uploaded by

jon
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
184 views1 page

Real Estate Financing Options

This document provides a sample computation for a 10% bank financing option on a property purchase. It shows the total list price of the property, various discount and payment options if paying cash within 30 days or deferred over 18 months, 3 years, 5 years or 10 years. The deferred options show the down payment amount, interest rate, monthly amortization and balance over the payment term. It also notes some policies around pricing, discounts and insurance.

Uploaded by

jon
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

10% BANK FIN

SAMPLE COMPUTATION
Bank Financing 10/90

BUYERS NAME : Total List Price: 2,026,948.62


Building: 3 Floor: 1 Unit: U3112 Discount: -
Unit Area: 25.35 Price / sqm: 79,958.53 Total Selling Price 2,026,948.62
Usable Area: Registration Fees : 101,347.43
Total Area: 25.35 E-VAT -

Total Contract Price 2,128,300.00

SPOT CASH : Upon Reservation Total List Price 2,026,948.62


8% DISCOUNT less 8% discount on TLP 162,160.00
Net Selling Price 1,864,788.62
RF/E-vat 93,239.43
New Total Contract Price 1,958,000.00
less Reservation -
Spot Cash Payment 1,958,000.00
SPOT CASH : 30 days Total List Price 2,026,948.62
5% DISCOUNT less 5% discount on TLP 101,347.00
Net Selling Price 1,925,601.62
RF/E-vat 96,280.08
New Total Contract Price 2,021,900.00
less Reservation 20,000.00
Spot Cash Payment 2,001,900.00
DEFERRED CASH : 18 MONTHS Total Contract Price 2,128,300.00
NO DP; No Interest less Reservation 20,000.00
0.0009083334 Insurance Factor Rate Balance 2,108,300.00
1,915.04 Insurance for Balance Total M.I. w/ Insurance 119,042.82
PROMO TERM: LOW INTEREST RATE SCHEME (10-90)
Down Payment: 10% Payable in: 18 Months Total Contract Price 2,128,300.00
Balance: 90% Payable in: 3 Years less Downpayment 212,830.00
@ 8.0% Interest Rate less Reservation 20,000.00
0.0000000000 Insurance Factor Rate Balance 1,915,470.00
- Insurance for Balance DP 10,712.78
Total M.A. 60,023.87

Down Payment: 10% Payable in: 18 Months Total Contract Price 2,128,300.00
Balance: 90% Payable in: 5 Years less Downpayment 212,830.00
@ 8.0% Interest Rate less Reservation 20,000.00
0.0000000000 Insurance Factor Rate Balance 1,915,470.00
- Insurance for Balance DP 10,712.78
Total M.A. 38,838.82

Down Payment: 10% Payable in: 18 Months Total Contract Price 2,128,300.00
Balance: 90% Payable in: 10 Years less Downpayment 212,830.00
@ 10.5% Interest Rate less Reservation 20,000.00
Balance 1,915,470.00
0.0000000000 Insurance Factor Rate DP 10,712.78
- Insurance for Balance Total M.A. 25,846.39

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

You might also like