Tawny Computation

IN HOUSE FINANCING

 

Total Contract Price: P4,050,000.00

 

Reservation Fee: P30,000.00

Processing Fee: P165,000.00 ( Less RF )

18 Months at 0%: P7,500.00

 

10% Down Payment

= P405,000.00

 

18Months 0%: P22,500.00

 

90% Principal Balance: P3,645,000.00

 

 

Monthly amortization:

 

1-5 years @ 12% : P43,746.00

6-10 years @ 14% : 47,342.72

11-15 years @ 16% : 49,478.00

BANK FINANCING

 

Total Contract Price: P4,050,000.00

 

Reservation Fee: P30,000.00

Processing Fee:

= P165,000.00 (Less RF )

18 Months @ 0%: P7,500.00

 

10% Down Payment

= P405,000.00

 

18Months 0%: P22,500.00

 

90% Estimated Loanable Amount:

= P3,645,000.00

 

Estimated Monthly Amortization

for 30years :

= P25,486.37