SAMPLE COMPUTATION

 

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

TCP = 1,928,235

Reservation Fee (RF) = 15,000

Balance After Reservation = 1,913,235

Monthly Amortization for 24 months = 79,718

 

Option 2: Bank Financing

TCP = 1,928,235

15% Down Payment (DP) = 289,235

Reservation Fee = 15,000

Special Discount upon Loan Release = 86,412

Spot Payment = 81,412

Monthly Down Payment for 3 months = 35,471

 

85% Bank Finance (DP) = 1,639,000

Monthly Amortization:

5 yrs = 33,233

10 yrs = 19,886

15 yrs = 15,663

 

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.