SAMPLE COMPUTATION

 

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

TCP = 1,478,264

Reservation Fee (RF) = 10,000

Balance After Reservation = 1,468,264

Monthly Amortization for 24 months = 61,178

 

Option 2: Bank Financing

TCP = 1,478,264

15% Down Payment (DP) = 203,900

Reservation Fee = 10,000

Special Discount upon Loan Release = 64,967

Spot Payment = 63,913

Monthly Down Payment for 3 months = 21,673

 

85% Bank Finance (DP) = 1,155,432

Monthly Amortization:

5 yrs = 24,428

10 yrs = 14,019

15 yrs = 11,042

 

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.