Ridgecrest Subdivision - Alcove Madison House Model
Besides SM Molino Living 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 Units
Dressed-Up Model
Turn-Over Photos
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
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
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