Sophie Model House

          The SOPHIE Model House in Lancaster Estates Cavite is a 2 storey single type attached house and located in Lancaster Village. An English inspired house design complete with 3 bedrooms, 2 toilet/bath, service area and 1 car garage. Turn-over units has grills installed in it’s units. All rooms has dedicated air-condition space that will not in anyway obstruct the installed windows. Approximately 54 sq. m still available for utilization. Extra space can be used to install balcony, garden, etc. It also  has a wide open area dedicated for laundry. Extra space can be used to install a dirty kitchen. Elegantly designed yet offered for such a low price. You get the most out of your bucket.

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 1 Provision for Car Garage Provision for Lanai Provision for Front Lawn Telephone and Air-conditioning Unit Provision for CATV Linea park at every Backyard	Steel Casement Windows Pre-Cast Panel System Tiled Kitchen Counter with Enamelized Kitchen Sink Tiled Toilet and Bath Interior and Exterior Wall Paint Finish

TERMS	BANK FINANCING 12.5% Downpayment	IN-HOUSE FINANCING 30% Downpayment
OPTION 1: BANK | IN-HOUSE FINANCING
Typical Selling Price	Php 1,650,000.00	Php 1,650,000.00
Add: Processing Fee	Php 132,000.00	Php 74,250.00
Total Contract Price (TCP)	Php 1,782,000.00	Php 1,724,250.00
Downpayment	Php 222,750.00	Php 517,275.00
Less: Reservation Fee	Php 20,000.00	Php 20,000.00
Net Downpayment	Php 202,750.00	Php 497,275.00
Monthly Downpayment	Php 13,516.67(15 mos)	Php 20,719.79(24 mos)
Total Loanable Amount	Php 1,559,250.00	Php 1,206,975.00
MONTHLY AMORTIZATION                    8%                                        18% – 21%
YEARS	BANK FINANCING	IN-HOUSE FINANCING
5 years	Php 31,615.97	Php 30,649.23
10 years	Php 18,918.01	Php 24,131.25
15 years	Php 14,901.01	Not Applicable
20 years	Php 13,042.19	Not Applicable
NOTE: MRI and FIRE Insurance not included. Move-in after 21st to 24th 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 1,650,000.00
Less: Reservation Fee	Php 20,000.00
Selling Price Net of Reservation Fee	Php 1,630,000.00
10% Discount within 7 Days from the Date of Reservation Fee	Php 1,467,000.00
9.5% Discount within 8 – 30 Days from the Date of Reservation	Php 1,475,150.00
9% Discount within 31 – 60 days from the Date of Reservation	Php 1,483,300.00
8.5% Discount within 61 – 90 days from the Date of Reservation	Php 1,491,450.00
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 MAY 2013