sample computation of multi pod
house area: 28 sqm. (expandable)
min. lot area: 70 sqm.
NET SELLING PRICE (NSP): P 848,900.00
OTHER CHARGES PAYABLE TO AMAIA
79,588.62
NET SELLING PRICE INCLUSIVE OF OTHER CHARGES: P 928,488.62
10% Downpayment 92,848.86
Less: Reservation Fee (12,500)
DOWNPAYMENT 80,348.86
12 months 6,695.74 /month
SAMPLE
BANK COMPUTATION: Estimated
Required Monthly Income
20 years
to pay 7,454.10
P 25,000
15 years
to pay 8,416.07
P 29,000
10 years
to pay 10,531.34
P 36,000
5 years
to pay 17,297.88 P 58,000
Note: The above monthly amortization is computed based on
8.88% interest rate for the term indicated. However, the actual rate is fixed for 5 years, subject to repricing on the 6th
year onwards. The actual amount will be based on the financing institution's
interest rate.
sample computation of bungalow
house area: 34 sqm. (expandable)
min. lot area: 111 sqm.
NET SELLING PRICE
P1,327,400.00
OTHER CHARGES 124,450.39
NET SELLING PRICE P1,451,850.39
10% Down Payment 145,185.04
Less: Reservation Fee (15,000.00)
DOWNPAYMENT 130,185.04
12 months to pay No Interest 10,848.79
BALANCE LESS DOWNPAYMENT (Loanable from a financing
institution) P1,306,665.35
SAMPLE BANK COMPUTATION: Estimated Required Monthly Income
20 years
to pay 11,655.75
P 39,000
15 years
to pay 13,159.96
P 44,000
10 years
to pay 16,467.54
P 55,000
5 years
to pay 27,048.19 P 91,000
Thank you for this article! This property really suits my taste. Due to the inconveniences I’ve experience travelling far from the city, I’ve decided to invest a unit within Manila area. I am currently checking on affordable Empire East condo. I will check also the property you’ve mentioned above. Thanks again for sharing.
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