Sample computation
Bank financing:

total contract price.............................................941,850
Reservation fee.................................................10,000
10% down payment net of res. fee.....................84,185
payable in 9 months...........................................9,354per/month

Monthly Amortization
Loanable amount.....................................847,665
10 years @10%.............11,202
15 years @ 10%............9,109
20 years @ 10%............8,180

in-House financing
20% down payment net of res. fee......................178,370
payable in 12 months..........................................14,864per/month

Monthly Amortization
Loanble amount...............................753,480
5 years @ 16%..........................18,323
10 years @ 18%........................13,577
15 years @ 18%........................12,134

2 bedrooms
1 toilet and bath

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