Rizal House Model Computation- Hidalgo Homes Davao
House Model | RIZAL |
Floor Area | 40.3 |
Lot Area | 100 |
Selling Price | Php1,648,000 |
Reservation Fee | Php15,000 |
Processing Cost | Php136,840 |
Total Price (Inclusive of Processing Cost | Php1,784,840 |
A. Spot Cash
Spot Cash (paid within 7 days) less 6% discount | Php1,534,120 |
Spot Cash (paid within 30 days) less 3% discount | Php1,583,560 |
A. Downpayment
20% Downpayment | Php329,600 |
Less: Reservation Fee | Php15,000 |
Downpayment Balance | Php314,600 |
Payable in 12 months at 0% interest (incl. processing cost) | Php37,620 |
Payable in 24 months (incl. processing cost) | |
Year 1 @ 0% interest | Php18,810 |
Year 2 @ 12.5% interest | Php19,714.40 |
C. Financing
80% Balance (rate at 10% p.a.) | |
Estimated monthly amortization 10 years | Php17,422.75 |
Estimated monthly amortization 15 years | Php14,167.59 |
Estimated monthly amortization 20 years | Php12,722.85 |