SAMPLE COMPUTATION

 

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

TCP = 2,951,661

Reservation Fee (RF) = 20,000

Balance After Reservation = 2,931,661

Monthly Amortization for 24 months = 122,153

 

Option 2: Bank Financing

TCP = 2,951,661

Special Discount = 320,544

Discounted TCP = 2,631,117

15% Down Payment (DP) = 394,668

Reservation Fee = 20,000

Balance of DP after Reservation = 374,668

Monthly Amortization of DP after Reservation (12 months) = 31,222

 

85% Bank Finance (DP) = 2,236,449

Monthly Amortization:

5 yrs = 45,347

10 yrs = 27,134

15 yrs = 21,373

 

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.