" Sample computation"
bank financing

total contract price..........................................2,174,018
reservation fee..................................................15,000
10% down payment net res. fee.......................202,402
6months to pay....................................................33,734per/month
9months to pay.....................................................22,489 per/month

Loanable amount....................1,956,616
Monthly Amortization
15 years @ 10%........................21,026
20 years @ 10%.........................18,882

in-house financing
20% down payment net of res. fee.........................419,804
6 months to pay.........................................................69,967
12 months to pay.......................................................34,984

loanable amount.............................1,739,214
5 years @ 16%......................42,294
10 years @18%.....................31,338
15 years @ 18%......................28,009

2 bedrooms
1 toilet and bath

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