Sample Computation for Chesapeak
Banking Financing Scheme
(Inner Lot)
PRICE STARTS AT PHP 1,485,000.00 AND UP
| Total Contract Price |
Php1,603,800.00 |
| Typical Selling Price |
Php 1,485,000.00 |
| Legal and Miscellaneous Fee for in-house |
Php 118,800.00 |
Monthly Equity Payment
Payablle within (4 months)with 0% |
Php 69,250 |
| Loanable Amount |
Php 1,306,800.00 |
| DP/Equity Payment |
Php 297,000.00 |
| Less:Reservation Fee |
Php 20,000.00 |
| Net Equity |
Php 277,000.00 |
| MRI |
Php 490.050 |
| Fire |
Php 119.059 |
Monthly Amortization
Bank computation is base in your bank of choice and subject to the bank's requirements.
Bank prevailing at the point of take out shall apply
Indicative interest rate shall be used in computing for monthly amortization
| 5 years to pay with 10.5% interest |
Php 28,697.34 |
| 10 years to pay with 10.5% interest |
Php 18,242.41 |
| 15 years to pay with 10.5% interest |
Php 15,054.46 |
| 20 years to pay with 10,5% interest |
Php 13,655.94 |
Monthly Amortization
Minimum Gross Family Income
| 5 years to pay with 10.5% interest |
Php 95,657.79 |
| 10 years to pay with 10.5% interest |
Php 60,808.05 |
| 15 years to pay with 10.5% interest |
Php 50,181.54 |
| 20 years to pay with 10,5% interest |
Php 45,519.00 |