| Alcove Madison House Model |
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Besides SM MolinoLiving area / kitchen / car park / mini garden / laundry area / restroom - Ground Floor 3 bedrooms / restroom - Second Floor Multi purpose area / bedroom / restroom - Third Floor Can be bought thru Bank, Cash and In-House Financing Inner Lot cut is 110sqm FA, 80sqm LA House Features:
- Floor Area: 110 sq. m.
- Lot Area: 80 sq. m.
- Three (3) Storey
- Four (4) Bedrooms
- Three (3) Toilet & Bath
- Living Area
- Dining Area
- Kitchen
- Multi-Purpose Area
- Service Area
- Balcony
- Carport
| House Finish:
- Painted Exterior/Interior Walls
- Tiled Toilet & Bath
- Tiled Kitchen Counter with Stainless Kitchen Sink
- Powder Coated Cathedral Window
- Decorative Accent Stones
- Provision for CATV, Telephone and Air-Conditioning U
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SAMPLE COMPUTATIONS:
Option 1: IN-HOUSE FINANCING SCHEME (INNER LOT)
PRICE STARTS AT PHP 2,100,000.00 TO PHP 2,500,000.00
| Typical Selling Price |
Php 2,100,000.00 |
| Legal & Miscellaneous Fee |
Php 94,500.00 |
| Total Contract Price |
Php 2,194,500.00 |
| Loanable Amount |
Php 1,680,000.00 |
| DP/Equity Payment |
Php 514,500.00 |
| Less: Reservation Fee |
Php 30,000.00 |
| Net Equity |
Php 484,500.00 |
| Monthly Equity Payment Payable within 18 mos. |
Php 26,916.67
|
Monthly Amortization
(Excluding MRI/Fire)
| 5 years to pay with 18% interest |
Php 42,660.96 |
| 10 years to pay with 21% interest |
Php 33,588.52
|
Option 2: CASH PAYMENT SCHEME (INNER LOT)
(Legal & Miscellaneous Fees and Reservation Fee not included in the computation of the discount)
PRICE STARTS AT PHP 2,100,000.00 TO PHP 2,500,000.00
| Typical Selling Price |
Php 2,100,000.00 |
| Less: Reservation Fee |
Php 20,000.00 |
| Selling Price Net of Reservation Fee |
Php 2,080,000.00 |
| 10% Discount within 7 days from the date of reservation |
Php 1,872,000.00 |
| 9.5% Discount within 8 to 30 days from the date of reservation |
Php 1,882,400.00 |
| 9% Discount within 31 to 60 days from the date of reservation |
Php 1,892,800.00 |
| 8.5% Discount within 61 to 90 days from the date of reservation |
Php 1,913,600.00
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Option 3: BANK FINANCING SCHEME (INNER LOT)
PRICE STARTS AT PHP 2,100,000.00 TO PHP 2,500,000.00
| Typical Selling Price |
Php 2,100,000.00
|
| Legal & Miscellaneous Fee |
Php 168,000.00 |
| Total Contract Price |
Php 2,268,000.00 |
| Loanable Amount |
Php 1,848,000.00 |
| DP/Equity Payment |
Php 420,000.00 |
| Less: Reservation Fee |
Php 30,000.00 |
| Net Equity |
Php 390,000.00 |
Monthly Equity Payment payable within 18 mos.
|
Php 21,666.67 |
Monthly Amortization
• Bank Financing computation is base on your bank of choice and subject to the bank’s requirements
• Bank’s prevailing interest at point of takeout shall apply
• Indicative interest rate shall be used in computing for monthly amortization
5 years to pay with 10.5% interest
|
Php 39,720.73
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| 10 years to pay with 10.5% interest |
Php 24,935.99 |
| 15 years to pay with 10.5% interest |
Php 20,427.77 |
| 20 years to pay with 10.5% interest |
Php 18,450.06 |
| 25 years to pay with 10.5% interest |
Php 17,448.48 |
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