SAMPLE COMPUTATION

 

Option 1: No Down Payment (2 years to pay at 0% interest)

TCP = 2,897,688

Reservation Fee (RF) = 20,000

Balance After Reservation = 2,877,688

Monthly Amortization for 24 months = 119,904

 

Option 2: Bank Financing

TCP = 2,897,688

15% Down Payment (DP) = 434,653

Reservation Fee = 20,000

Balance of DP after Reservation = 414,653

Monthly Amortization of DP after Reservation (14 months) = 29,619

 

85% Bank Finance (DP) = 2,463,035

Monthly Amortization:

5 yrs = 49,942

10 yrs = 29,884

15 yrs = 23,539

 

NOTES:

• Down Payment can be higher than 15% depend to the buyers. The higher down payment, the lower the amortization, much easier to pay.

• 15 year term is only applicable for locally employed.

• Miscellaneous Customer Charges are already inclusive in the computation.