SAMPLE COMPUTATION:
BANK FINANCING (12.5% DOWNPAYMENT)
SELLING PRICE...........................................P1,250,000
LEGAL & MISC FEE....................................P100,000
TOTAL CONTRACT PRICE.........................P1,350,000
12.5% DOWNPAYMENT..............................P168,750
LESS RESERVATION....................................P10,000
NET DOWNPAYMENT.................................P158,750
15 MONTHS TO PAY....................................P10,583.33
MONTHLY AMORTIZATION:
20 YEARS...................................................P10,454.05
15 YEARS...................................................P11,862.24
10 YEARS...................................................P14,905.43
5 YEARS...................................................P24,525.09
IN-HOUSE FINANCING:
SELLING PRICE................................P1,250,000
LEGAL & MISC FEE...........................P56,250
TOTAL CONTRACT PRICE..................P1,306,250
30% DOWNPAYMENT.......................P391,875
LESS RESERVATION.........................P10,000
NET DOWNPAYMENT........................P381,875
24 MONTHS TO PAY.........................P15,911.46
MONTHLY AMORTIZATION:
10 YEARS........................................P18,754.78
5 YEARS........................................P23,692.64