note: this figure, only gives you the approximate idea, of how much you are going to pay in 2-10 years. It could be variable, because not all financial institution have the same annual interest rate. This is only the standard figure, which is 30% for the downpayment and 70% for the amortization. discount's and promo's are not included on this. so, he final computation will be in the developers, bank, and pag-big office.
bank fnancing/pag-ibig | |||
total selling price | | | 2,600,000.00 |
down payment | | | 30% |
total downpayment | | | 780,000.00 |
reservation | | | 20,000.00 |
net total downpayment | | | 760,000.00 |
months to pay | | | 12 |
monthly payment for downpayment | | | 63,333.33 |
| | ||
amortazation | | | 85% |
total amortization | 2,210,000.00 | ||
2 years to pay | 11% | | 122.00% |
| | | 2,696,200.00 |
months to pay | 24 | | 24 |
monthly | | | 112,341.67 |
| | ||
5 years to pay | 12% | | 160% |
| | | 3,536,000.00 |
months to pay | | | 60 |
monthly | | | 58,933.33 |
| | ||
10 years to pay | 14% | | 240% |
| | | 5,304,000.00 |
months to pay | | | 120 |
monthly | | | 44,200.00 |
in-house financing | |||
total selling price | | | 2,600,000.00 |
down payment | | | 15% |
total downpayment | | | 390,000.00 |
reservation | | | 20,000.00 |
net total downpayment | | | 370,000.00 |
months to pay | | | 12 |
monthly payment for downpayment | | | 30,833.33 |
amortazation | | | 85% |
total amortization | | | 2,210,000.00 |
2 years to pay | 11% | | 122.00% |
| | | 2,696,200.00 |
months to pay | 24 | | 24 |
monthly | | | 112,341.67 |
5 years to pay | 12 | | 160% |
| | | 3,536,000.00 |
months to pay | | | 60 |
monthly | | | 58,933.33 |
10 years to pay | 14% | | 240% |
| | | 5,304,000.00 |
months to pay | | | 120 |
monthly | | | 44,200.00 |
good idea
TumugonBurahin