House Details:

Lot Area: 80 sq.m
Floor Area: 60 sq.m
3 bedrooms
2 toilet and bath
living area
dining
kitchen
1 car garage

Selling Price: 3,180,000
Reservation fee: 25,000 pesos deductible to the equity/downpayment
Equity/Downpayment: 20% of the total price payable within 24 months
:636,000-25,000=611,000/24months= 25,458/month for 24 months
Balance: 80% of the total price loanable through in-house financing or bank
:php2,544,000(loanable amount to bank)

Bank Financing Sample Computation:
5 years: 53,429.09/month
10 years: 32,919.36/month
15 years: 26,564.45/month
20 years: 23,712.62/month