SPLENDIDO TOWER -2

 

SAMPLE  COMPUTATION AS OF JANUARY 27 2012

 

 

 

STUDIO RESIDENTIAL UNIT STARTS AT 9^TH FLOOR

 

FLOOR AREA  = 26 SQ.M. ( NO BALCONY)

 

SELLING PRICE  = P  89,500.00

 

PLUS 5.5% MISCELLANEOUSE   =  P  127,985.00

 

TERMS OF PAYMENTS:

 

SCHEME A. 20% DOWN PAYMENT PAYABLE IN 24 OR 36 MONTHS , 80% BALANCE THRU IN HOUSE FINANCING PAYABLE IN 5 OR 10 YEARS @ 16% INTEREST PER ANNUM, OR BANK FINANCINGIN 15-20 YEARS @11% INTERST PER ANNUM.

 

 

 

20% DOWN PAYMENT =  440,400.00 LESS 25,000 RESERVATION FEE

 

MONTHLT DOWN FOR 24 MONTHS  = 18,350/MONTH

 

MONTHLY DOWN FOR 36 MONTHS = 12,233.33/MONTH

 

 

 

80% BALANCE = 1,861,600.00

 

C. IN HOUSE FINANCING

 

5 YEARS @16% INTEREST PER ANNUM = 45,274.11/MONTH    ( 0.02432)

 

10 YEARS @16% INTEREST PER ANNUM = 31,181.80/MONTH (0.01675 )

 

 

 

D. BANK FINANCING

 

15 YEARS @ 11% INT PER ANNUM = 21,147.77/MONTH           ( 0.011360 )

 

20 YEARS @11% INT PER ANNUM = 19,211.7/MONTH              ( 0.01032)

 

 

 

SCHEME B. 30% DOWN PAYMENT PAYABLE IN 6 MONTHS , 70% BALANCE 36 MONTHS TO PAY ZERO INTEREST.

 

30% DOWN PAYMENT = 698,100.00 LESS 25,000 RESERVATION FEE

 

MONTHLY DOWN PAYMENT = 112,183.33/MONTH

 

70% BALANCE  = 1,628,900.00

 

MONTHLY  FOR 36 MONTHS  = 45,247.22/MONTH

 

 

APPLICABLE DISCOUNT;

 

4. OUTRIGHT DOWN 7 DAYS = 10% DISCOUNT ON DOWN PAYMENT

 

5. DP IN 30 DAYS = 7% DISCOUNT ON DOWN PAYMENT

 

6. DPIN 60 DAYS = 5% DISCOUNT ON DOWN PAYMENT

 

PARKING( MANDATORY FO 2 BEDROOMS )    = 550,000

 

FURNISHING ( CONDOTEL )  = 500,000