House Details:

Lot Area: 90 sq.m
Floor Area: 76 sq.m
3 bedrooms
1 toilet and bath
powder room
living area
dining
kitchen
1 car garage

Selling Price: 4,240,000
Reservation fee: 25,000 pesos deductible to the equity/downpayment
Equity/Downpayment: 20% of the total price payable within 24 months
:848,000-25,000=823,000/24months= 34,291.67/month for 24 months
Balance: 80% of the total price loanable through in-house financing or bank
:php3,392,000(loanable amount to bank)

Bank Financing Sample Computation:
5 years: 71,238.78/month
10 years: 43,892.48/month
15 years: 35,419.26/month
20 years: 31,616.83/month