05/02/2014
STUDIO UNIT - SAN MARINO RESIDENCES CONDOMINIUM - Across SM City, Cebu
Floor Area : 21 sq. m. to 22 sq.m
Total Contract Price : P 1,570,000.00 ( inclusive of taxes and all other fees)
Reservation Fee: P 30,000.00
Note: Add: P 50,000.00 for Facing Mactan or Sea View
This is loanable to Pag-big or thru Bank financing with various payment schemes
BANK / PAG-IBIG FINANCING:
*Reservation fee is Php 30,000 (non-refundable/non-transferable).
*Maximum loan for Bank/Pag-ibig is P1,000,000
*Remaining balance shall be the equity to be paid in (18) equal monthly
installments with no interest (covered by post dated checks).
SAMPLE COMPUTATION FOR BANK FINANCING:
Total Contract Price P 1,570,000.00
Loanable Amount 1,000,000.00
DP/Equity P 570,000.00
Less: Reservation Fee 30,000.00
Net DP/Equity P 540,000.00 - Payable 18 months, no Int. @ P 30,000.00/mo.
Loanable Amount - P 1,000,000.00 - thru Bank Loan
Estimated 15 years to pay - P 11,523.45
20 years to pay P 10,664.29
Accredited Banks: BDO, China Bank, Metro Bank, BPI and RCBC.
SAMPLE COMPUTATION FOR PAG-BIG LOAN
Total Contract Price P 1,570,000.00
Loanable Amount 1,000,000.00
DP/Equity P 570,000.00
Less: Reservation Fee 30,000.00
Net DP/Equity P 540,000.00 - Payable 18 months, no Int. @ P 30,000.00/mo.
Loanable Amount - P 1,000,000.00 - thru Pag-ibig (Based on 3 Year Reprising)
Estimated 20 years to pay - P 8,355.07/mo.
25 years to pay - P 7,708.23/mo.
30 years to pay - P 7,327.19/mo.