Sample Computations for Ridge Crest

The Madison House Model

In-House Financing Scheme
(Inner Lot)

PRICE STARTS AT PHP 2,380,000.00 AND UP
Total Contract Price Php 2,257,200.00
Typical Selling Price Php 2,160,000.00
Legal and Miscellaneous Fee Php 97,200.00
 
Monthly Equity Payment
Payablle within (12 months)with 0%
Php 33,280.67
Loanable Amount Php 1,728,000.00
DP/Equity Payment Php 529,200.00
Less:Reservation Fee Php 30,000.00
Net Equity Php 499,200.00 
Monthly Amortization
(Exluding MRI/Fire)
6 years to pay with 18% interest Php 39,411.86
10 years to pay with 21% interest Php 34,548.19

Cash Payment Scheme

Inner Lot
legal and miscellaneous fees and reservation fee
not included in the computation of the discount.
PRICE STARTS AT PHP 2,160,000.00 AND UP
Typical Selling Price Php 2,160,000.00
Less: Reservation Fee Php 30,000.00
Selling Price Net of Reservation Fee Php 2,130,000.00
10% Discount within 7 days from the date of reservation Php 1,917,000.00
9.5% Discount within 8 to 30 days from the date of reservation Php 1,927,650.00
9% Discount within 31 to 60 days from the date of reservation Php 1,938,300.00
8.5% Discount within 61 to 90 days from the date of reservation Php 1,948,950.00

Banking Financing Scheme


Inner lot

PRICE STARTS AT PHP Php 2,160,000.00 AND UP
Total Contract Price Php 2,332,800.00
Typical Selling Price Php 2,160,000.00
Legal and Miscellaneous Fee Php 172,800.00
 
Monthly Equity Payment
Payablle within (12 months)with 0%
Php 38,320.00
Loanable Amount Php 1,728,000.00
DP/Equity Payment Php 604,800.00
Less:Reservation Fee Php 30,000.00
Net Equity Php 574,800.00

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 37,141.46
10 years to pay with 10.5% interest Php 23,316.77
15 years to pay with 10.5% interest Php 19,101.29
20 years to pay with 10,5% interest Php 17,252.00
25 years to pay with 10,5% interest Php 16,315.46