Sample Computation:MODIFIED NEW CASTLE MODEL
Lot area 70 sqm.
Floor area 50 sqm.
Total Contract Price 2,320,000
10% Down payment 232,000
Less Reservation Fee 20,000
Net Down payment 212,000

90% Balance 2,088,000
BANK FINANCING:
15 yrs. to pay 19,954.02
20 yrs. to pay 17,464.87