OAKWOOD HOUSE MODEL: CARMONA ESTATES

House Features:

• Floor Area: 104 sq. m.
• Lot Area: 88 sq. m.
• Four (4) Bedrooms
• 2 Toilet and Bath
• Living Area
• Kitchen Area
• Dining Area
• Laundry / Service Area
• Provision for 2 Car Garage
• Provision for Front Lawn
• Provision for CATV,
• Telephone and Air-conditioning Unit

House Finishes:

• Pre-painted Long Span Roofing
• Painted Exterior and Interior Walls
• Tiled Kitchen Counter with Stainless Kitchen Sink
• Tiled Toilet and Bath
• Ceramic Bathroom Fixtures

Oakwood Sample Computations:

Option 1: BANK FINANCING:(Inner Lot)

Total Selling Price	Php 1,625,000.00
20% Down payment	Php 325,000.00
Less: Reservation	Php 20,000.00
Net Downpayment	Php 305,000.00
Payable in 15mo.	Php 20,333.33
Loanable Amount	Php 1,300,000.00
Add: Legal and Misc. Fees	Php 130,000.00
Total Loanable Amount	Php 1,430,000.00

Monthly Amortization @10.5% Interest (Bank Financing):

5yrs.	Php 30,736.28
10yrs.	Php 19,295.71
15yrs.	Php 15,807.20
20yrs	Php 14,276.83

NOTE:

• Fire and MRI insurance not included.
• Move-in on the 19th to 21st month or after paying downpayment
• Processing Fees includes Transfer of Title.
• Interest rate is reference only.
• Prevailing interest rate will apply upon loan takeout.
• Bank terms for OFW is 15 yrs while locally employed has up to 25 yrs.
• Developer will process loan. Tied up with Metrobank and UCPB.
• Bank maximum approved amount will depend on salary & age (loan maturity is 55 yrs.)

Option 2: IN-HOUSE FINANCING:

Selling Price	Php 1,625,000.00
Down payment (20%)	Php 325,000.00
Add: Processing Fee (4.5%)	Php 73,125.00
Total Down Payment	Php 398,125.00
Less: Reservation Fee	Php 20,000.00
Net Equity	Php 378,125.00
Payable in 15 months	Php 25,208.33

Total Remaining Balance: Payable Through In-House Financing

80% Balance

Php P1,300,000.00

Amortization Including Insurance Fees
Years to Pay:

Five (5) years @ 18%	Php 33,011.45
Ten (10) years @ 21%	Php 25,991.11

NOTE:

• Fire & MRI insurance not included. Estimated at .0005% of loanable amount.
• Transfer of Title cost not included.
• Processing fees includes One year Advance Real Property Tax & Insurances.
• Advance Homeowners Dues and Documentation/Notarial Fees.
• In-house processing will be processed by the Developer. Buyer just need to submit requirements.

Option 3: CASH PAYMENT SCHEME
(Legal & Miscellaneous Fees and Reservation Fee not included in the computation of the discount)
PRICE STARTS AT PHP 1,625,000.00 AND UP

Typical Selling Price	Php 1,625,000.00
Less: Reservation Fee	Php 20,000.00
Selling Price Net of Reservation Fee	Php 1,605,000.00
10% Discount within 7 days from the date of reservation	Php 1,444,500.00
9.5% Discount within 8 to 30 days from the date of reservation	Php 1,452,525.00
9% Discount within 31 to 60 days from the date of reservation	Php 1,460,550.00
8.5% Discount within 61 to 90 days from the date of reservation	Php 1,476,600.00