Sabine Model House

HOUSE FEATURES	HOUSE FINISH
FEATURES SIZE Lot Area 110 sq. meter Floor Area 85 sq. meter FEATURES NO. FLOOR LOCATED Bedroom(4) 1 1st Floor 3 2nd Floor Toilet and Bath(2) 1 1st Floor 1 2nd Floor Laundry/Service Area Kitchen Area Dining Area Living Area Laundry/Service Area 2 Provision for Car Garage	Painted sandblast finish with decorative stone accent for exterior wall Painted plain cement finish for interior wall Aluminum Frame Sliding Windows Concrete stairs with wood planks Tiled Toilet & Bath Tiled Kitchen Tower with Stainless Kitchen Sink Wood Handrail with Steel Decorative Railing Ceramic Tiles for Ground Floor Concrete Roof Tiles

TERMS	BANK FINANCING 12.5% Downpayment	IN-HOUSE FINANCING 30% Downpayment
OPTION 1: BANK | IN-HOUSE FINANCING
Typical Selling Price	Php 3,262,000.00	Php 3,262,000.00
Add: Processing Fee	Php 260,960.00	Php 146,790.00
Total Contract Price(TCP)	Php 3,522,920.00	Php 3,408,790.00
Downpayment	Php 440,370.00	Php 1,022,637.00
Less: Reservation Fee	Php 25,000.00	Php 25,000.00
Net Downpayment	Php 415,370.00	Php 997,637.00
Monthly Downpayment	Php 27,691.33 (15 mos.)	Php 41,568.20 (24 months)
Total Loanable Amount	Php 3,082,590.00	Php 2,386,153.00
MONTHLY AMORTIZATION	8%		18-21%
YEARS	BANK FINANCING	IN-HOUSE FINANCING
5 years	Php 65,495.93	Php 60,592.60
10 years	Php 40,736.65	Php 47,706.76
15 years	Php 33,125.67	Not Applicable
20 years	Php 29,747.66	Not Applicable
NOTE: MRI and FIRE Insurance not included. Move-in after 15th month. Monthly Amortization payments will a month after the last Down Payment. Processing Fees includes Transfer of Title. Interest rate is for reference only. Prevailing interest rate will apply upon loan takeout. Bank terms for OFW is 15yrs and locally employed is up to 20yrs. Developer will process loan. Tied up with MBTC. Bank maximum approved amount will depend on salary & age (loan maturity is 65 yrs.)
OPTION 2: CASH PAYMENT SCHEME (Legal & Miscellaneous Fees and Reservation Fees not included in the computation of the discount)
Typical Selling Price	Php 3,262,000.00
Less: Reservation Fee	Php 25,000.00
Selling Price Net of Reservation Fee	Php 3,237,000.00
10% Discount within 7 Days from the Date of Reservation Fee	Php 2,913,300.00
9.5% Discount within 8 – 30 Days from the Date of Reservation	Php 2,929,485.00
9% Discount within 31 – 60 days from the Date of Reservation	Php 2,945,670.00
8.5% Discount within 61 – 90 days from the Date of Reservation	Php 2,961,855.00
NOTE: Transfer of Title cost not included. Processing fees not yet included in the computation. (4.5% of Selling Price) Processing fees includes ne year Advance Real Property Tax & Insurances, Advance Homeowners Dues and Documentation/Notarial Fees. In-house processing will be processed by the Developer. Buyer just need to Submit Requirements.

SAMPLE COMPUTATION: UPDATED ON MAY 2013