Three(3) Bedrooms with Maid’s Bedroom Unit

UNIT FEATURES

Floor Area 68.40 sq. meter Toilet and Bath 2 UNIT DESCRIPTION Delivered without Partitions for flexible customization Suggested Layout

ILUSTRATA RESIDENCES 3 BEDROOMS WITH MAID’S BEDROOM UNIT

 SAMPLE COMPUTATION

TERMS	BANK FINANCING 12.5% Downpayment	IN-HOUSE FINANCING 30% Downpayment
OPTION 1: 3 BEDROOM WITH MAID’S BEDROOM UNIT
Total Contract Price (TCP)	Php 5,244,287.76	Php 5,074,333.99
Selling Price	Php 4,855,822.00	Php 4,855,822.00
Add: Processing Fee	Php 388,465.76 (8%)	Php 218,511.99 (4.5%)
Downpayment	Php 786,643.16 (15%)	Php 1,623,786.88 (32%)
Less: Reservation Fee	Php 40,000.00	Php 40,000.00
Net Downpayment	Php 746,643.16	Php 1,583,786.88
Monthly Downpayment
1st Half	Php 20,496.09 (17mos)	Php 47,018.67 (10mos)
2nd Half	Php 30,631.51(13mos)	Php 55,680.01 (20mos)
Total Loanable Amount	Php 4,457,644.60 (85%)	Php 3,450,547.11 (68%)
Interest Rate	10% Indicative Interest Rate	21% Fixed for 10 years 18% Fixed for 5 years
MONTHLY AMORTIZATION
YEARS	BANK FINANCING	IN-HOUSE FINANCING
5 years	Php 94,711.77	Php 87,621.22
10 years	Php 58,908.10	Php 68,987.36
15 years	Php 47,902.08	Not Applicable
20 years	Php 43,017.23	Not Applicable
NOTE: Insurances: Fire and MRI insurance not yet included in the computation. Move-In: 31st to 33rd month. Monthly Amortization Payments: It will start a month after the last Down Payment. Processing Fees: This includes Transfer of Condominium Certificate of Title for Bank Financing. Transfer of Title not yet included for In-House Financing. Bank Terms:  For Locally Employed, 20 years maximum. For OFW, 15 years term payment. Bank Affiliates: Tied up with Banco De Oro, United Coconut Planters Bank and Metrobank Bank Loanable Amount: Maximum approved amount will depend on salary & age. Loan maturity is 65 years for local buyers and 60 years for international buyers.
TERMS	BANK FINANCING 12.5% Downpayment	IN-HOUSE FINANCING 30% Downpayment
OPTION 2: 3 BEDROOM WITH MAID’S BEDROOM UNIT WITH PARKING SLOT
Total Contract Price (TCP)	Php 5,892,287.76	Php 5,701,334.00
Selling Price	Php 5,455,822.00	Php 5,455,822.00
Add: Processing Fee	Php 436,465.76 (8%)	Php 245,511.99 (4.5%)
Downpayment	Php 883,843.16 (15%)	Php 1,824,427.00 (32%)
Less: Reservation Fee	Php 41,000.00	Php 41,000.00
Net Downpayment	Php 842,843.16	Php 1,783,427.00
Monthly Downpayment
1st Half	Php 23,136.87 (17mos)	Php 52,945.49 (10mos)
2nd Half	Php 34,578.18 (13mos)	Php 62,698.60 (20mos)
Total Loanable Amount	Php 5,008,444.60 (85%)	Php 3,876,907.11 (68%)
Interest Rate	10% Indicative Interest Rate	21% Fixed for 10 years 18% Fixed for 5 years
MONTHLY AMORTIZATION
YEARS	BANK FINANCING	IN-HOUSE FINANCING
5 years	Php 106,414.64	Php 98,447.96
10 years	Php 66,186.96	Php 77,511.65
15 years	Php 53,821.00	Not Applicable
20 years	Php 48,332.57	Not Applicable
OPTION 3: CASH PAYMENT SCHEME (Legal & Miscellaneous Fees and Reservation Fees not included in the computation of the discount)
Typical Selling Price	Php 4,855,822.00
Less: Reservation Fee	Php 40,000.00
Selling Price Net of Reservation Fee	Php 4,815,822.00
10% Discount within 7 Days from the Date of Reservation Fee	Php 4,334,239.80
9.5% Discount within 8 – 30 Days from the Date of Reservation	Php 4,358,318.91
9% Discount within 31 – 60 days from the Date of Reservation	Php 4,382,398.02
8.5% Discount within 61 – 90 days from the Date of Reservation	Php 4,406,477.13

SAMPLE COMPUTATION: UPDATED January 10, 2013