Sample Computations:

Option 1: Bank Financing | In-House Financing

Range: Php 1,800,000.00 to Php 1,900,000.00 Updated June 03, 2014
TERMS BANK FINANCING IN-HOUSE FINANCING
12.5% DP 24 Months DP
Selling Price Php 1,800,000.00 Php 1,800,000.00
Add: Legal and Misc. Fees Php 144,000.00 (8%) Php 81,000.00 (4.5%)
Total Package Price Php 1,944,800.00 Php 1,881,000.00
Down payment Php 243,000.00 (12.5%) Php 564,300.00 (30%)
Less: Reservation Php 20,000.00 Php 20,000.00
Net Down payment Php 223,000.00 Php 544,300.00
Monthly DP Php 14,866.67 (15mos) Php 22,679.17 (24mos)
Total Loanable Amt. Php 1,701,000.00 (87.5%) Php 1,316,700.00 (70%)
Monthly Amortization @ 8% (Prevailing Bank Rates will apply):
20 yrs. Php 14,227.84
15 yrs. Php 6,255.64
10 yrs. Php 20,637.82 Php 26,325.00
05 yrs. Php 34,490.15 Php 33,435.53
NOTE:
Fire and MRI insurance not yet included in the computation.
Move-in on the 21st to 24th month.
Monthly Amortization payments will start a month after the last Down Payment.
Processing Fees includes Transfer of Title for Bank Financing. Transfer of Title not yet included for In-house financing.
Interest rate is reference only. Prevailing bank interest rate will apply upon loan take-out.
Bank term is up to 15 yrs. for OFW and 20 yrs. maximum for locally employed.
Developer will process loan. Homebuyers just need to submit Requirements.
Bank maximum approved amount will depend on salary & age (loan maturity is 65 yrs. for locally employed and 60 yrs. for OFW).

Option 2: CASH PAYMENT SCHEME
(Legal & Miscellaneous Fees and Reservation Fee not included in the computation of the discount)
PRICE STARTS AT PHP 1,800,000.00 AND UP
Typical Selling Price Php 1,800,000.00
Less: Reservation Fee Php 20,000.00
Selling Price Net of Reservation Fee Php 1,780,000.00
10% Discount within 7 days from the date of reservation Php 1,602,000.00
9.5% Discount within 8 to 30 days from the date of reservation Php 1,610,900.00
9% Discount within 31 to 60 days from the date of reservation Php 1,619,800.00
8.5% Discount within 61 to 90 days from the date of reservation Php 1,628,700.00
Sophie Single Lancaster Estates
Getting a Sophie Single is as EASY as 1-2-3
(1) Reservation (2) Submission of Documents (3) House Turn-Over
Call Esperanza Obado to schedule for a
site viewing.
Choose a BLOCK and LOT, then pay the
Reservation.
Buyers Counselling to know your Rights
and Responsibilities.
Buyers are given 60 days from Reservation
to Submit the documents.
Lists of Requirements can be found in the
button below.
Bank and In-House forms are provided.
Buyers are given 60 days from Notice of
Completion to inspect their unit.
Upon acceptance. Buyer can Move-In to
their