Sample Computations for Linear Park

Colleen House Model

In-House Financing Scheme
(Inner Lot)

Floor Area: 60 sq. m. Lot Area: 80 sq.m.
Total Contract Price Php 1,358,500.00
Typical Selling Price PHP 1,300,000.00  
Legal and Misc. fees
PHP 58,500.00
 
In 15 months Php 19,900.00
Loanable Amount ( 80%) Php 1,040,000.00
DP/Equity Payment Php 260,000.00
ADD: LEGAL & MISC. FEES   Php 58,500.00
Less:Reservation Fee Php 20,000.00
Net Equity Php 298,500.00
 
5 years to pay with 18% interest (0.025393427) Php 26,409.16
10 years to pay with 21% interest (0.019993167) Php 20,792.89
24-Month Graduated Equity Term for LV2
Typical Selling Price Php 1,300,000.00
Legal and Miscellaneous fees Php 58,500.00
Total Contract Price Php 1,358,500.00
Downpayment 20 % Php 260,000.00
Add Legal Miscellaneous fees Php 58,500.00
Total Dp Php 318,500.00
Less reservation Php 20,000.00
Net Dp Php 298,500.00
24-Month Graduated Equity Term for LV2
Month <% Of Net Equity Monthly Payment
1 to 4   10%
7,462.50
5 to 8   12% 8,955.00 
9 to 12   14% 10,447.50  
13 to 16   16% 11,940.00
17 to 20  20% 14,925.00 
21 to 24 28% 20,895.00 
TOTAL   100% 298,500.00
 
5 YEARS @ 18% (0.025393427)   Php 26,409.16  
10 years to pay with 21% interest (0.019993167) Php 20,792.89
Loanable Amount ( 80%) Php 1,040,000.00
BALOON DISCOUNT FOR 24 MONTHS GRADUATED EQUITY TERM 
DOWNPAYMENT   260,000.00
LEGAL & MISC. FEE   58,500.00<
TOTAL DOWNPAYMENT  318,500.00
RESERVATION FEE   20,000.00
NET EQUITY   298,500.00
TOTAL SELLING PRICE  1,300,000.00 
LEGAL & MISC. FEE 58,500.00 
TOTAL CONTRACT PRICE   1,358,500.00 
   
TERMS(# OF DAYS)  DISC. RATE  DISC. AMOUNT   DISCOUNTED DP 
30
7.5%  
22,387.50  
276,112.50  
31-60
7%
20,895.00
277,605.00
61-90
6.5%  
19,402.50  
279,097.50
91-120
6%  
17,910.00  
280,590.00
121-150
5.5%  
16,417.50  
282,082.50 
151-180
5%  
14,925.00
283,575.00 
181-210
4.5%  
13,432.50  
285,067.50  
211-240
4%  
11,940.00  
286,560.00