SAMPLE COMPUTATION

 

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

TCP = 1,282,053

Reservation Fee (RF) = 10,000

Balance After Reservation = 1,272,053

Monthly Amortization for 24 months = 53,003

 

Option 2: Bank Financing

TCP = 1,282,053

15% Down Payment (DP) = 192,308

Reservation Fee = 10,000

Balance of DP after Reservation = 182,308

Monthly Amortization of DP after Reservation (14 months) = 13,022

 

85% Bank Finance (DP) = 1,089,745

Monthly Amortization:

5 yrs = 22,097

10 yrs = 13,222

15 yrs = 10,415

 

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.