Monday, August 9, 2010

COLLEEN HOUSE MODEL: LANCASTER ESTATES


House Features:
 
1. Three (3) Bedrooms
2. Two (2) toilet & bath
3. Living Area
4. Dining Area
5. Kitchen Area
6. Provision for Lanai
7. Provision for Two (2) Car Garage

House Finishes:

1. Tiled toilet & bath
2. Tiled kitchen counter w/ stainless kitchen sink
3. Interior & Exterior Paint Finish
4. Steel Casement Windows

COMPUTATION 

COLLEEN AT LANCASTER VILLAGE


BANK FINANCING SCHEME FOR INNER LOT
Price Starts at PHP 1,416,000.00 and Up
             
  Typical Selling Price             1,416,000.00  
Legal & Miscellaneous Fees      113,280.00  
  Total Contract Price             1,529,280.00  
             
   Downpayment/Equity              283,200.00  
        Less:  Reservation                 20,000.00  
         Net Equity                          263,200.00  
       Payable in 12 months               21,933.33  
             
  Loan Amount                             1,246,080.00  
             
             
  Payable in Number of Years at MRI Fire Monthly Total Monthly  


  10.5 % Interest Rate per Annum  Insurance  Amortization Amortization  


  05 years             467.28             127.31            26,783.12            27,377.71  
  10 years             467.28             127.31            16,813.98            17,408.57  
  15 years             467.28             127.31            13,774.15            14,368.74  
  20 years             467.28             127.31            12,440.61            13,035.20  
             
  NOTE:  This computation is based on the current indicative rates. Interest rates vary per bank.
              The rate to be used will be based on the prevailing interest rate at the time of take out.




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