Cypress Townhouse

HOUSE FEATURES	HOUSE FINISH
FEATURES SIZE Lot Area 80 sq. meter Floor Area 52 sq. meter FEATURES NO. FLOOR LOCATED Bedroom(3) 1 1st Floor 2 2nd Floor Toilet and Bath(2) 1 1st Floor 1 2nd Floor Laundry/Service Area Kitchen Area Dining Area Living Area 1 Provision for Car Garage Provision for Lanai	Tiled Toilet & Bath Tiled Kitchen Counter with stainless kitchen sink Interior and exterior wall paint finish Steel casement windows Tiled Toilet & Bath Tiled Kitchen Counter with stainless kitchen sink

TERMS	BANK FINANCING 12.5% Downpayment	IN-HOUSE FINANCING 30% Downpayment
OPTION 1: BANK | IN-HOUSE FINANCING
Total Contract Price(TCP)	Php 918,000.00	Php 888,250.00
Selling Price	Php 850,000.00	Php 850,000.00
Add: Processing Fee	Php 68,000.00	Php 38,250.00
Downpayment	Php 115,020.00	Php 266,475.00
Less: Reservation Fee	Php 7,500.00	Php 7,500.00
Net Downpayment	Php 107,250.00	Php 258,975.00
Monthly Equity	Php 17,875.00 (6 Mos)	Php 21,581.25 (12 Mos)
Total Loanable Amount	Php 803,250.00 (87.5%)	Php 621,775.00 (70%)
MONTHLY AMORTIZATION
YEARS	BANK FINANCING	IN-HOUSE FINANCING
5 years	Php 16,287.01	Php 15,789.00
10 years	Php 9,745.64	Php 12,431.25
15 years	Php 13,997,91	Not Applicable
20 years	Php 6,718.70	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 850,000.00
Less: Reservation Fee	Php 7,500.00
Selling Price Net of Reservation Fee	Php 758,250.00
10% Discount within 7 Days from the Date of Reservation Fee	Php 762,462.50
9.5% Discount within 8 – 30 Days from the Date of Reservation	Php 766,675.00
9% Discount within 31 – 60 days from the Date of Reservation	Php 766,675.00
8.5% Discount within 61 – 90 days from the Date of Reservation	Php 770,887.50
NOTE: Transfer of Title cost not included. Processing fees not yet included in the computation. (4.5% of Selling Price) Processing fees includes One 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 JANUARY 2013