Margaret Model Sample Computation - Bank & In-house Financing


1	MOVE-IN 12 ( Ready For Occupancy Units ) as June 2017
2	Margaret Model - Inner		Bank Financing		In-house Financing
3			@ 7% to 8% P.A.		@ 18% to 21% P.A.
4	Selling Price - Inner Unit		2,630,000.00		2,630,000.00
5	Processing Fee	8%	210,400.00	4.50%	118,350.00
6	Total Contract Price		2,840,400.00		2,748,350.00
7	Down Payment	5.50%	156,222.00	20%	549,670.00
8	Less: Reservation Fee		20,000.00		20,000.00
9	Net Down Payment		136,222.00		529,670.00
10	Monthly DP	6 mos.	22,703.67	6 mos.	88,278.33
11	Down Payment w/ insurance	7%	198,828.00
12	Interest Rate	14%	27,835.92
13	Total Down Payment		226,663.92
14	Monthly Down Payment	9 mos.	25,184.88
15	Loan Amount	87.50%	2,485,350.00	80%	2,198,680.00
16	Monthly Amortization:
17	5 yrs.		52,004.65		55,832.02
18	10 yrs.		31,546.69		43,958.58
19	15 yrs.		25,117.05		n/a
20	20 yrs.		22,126.96		n/a
21
22	Margaret Model - End		Bank Financing		In-house Financing
23			@ 7% to 8% P.A.		@ 18% to 21% P.A.
24	Selling Price - End Unit		2,887,000.00		2,887,000.00
25	Processing Fee	8%	230,960.00	4.50%	129,915.00
26	Total Contract Price		3,117,960.00		3,016,915.00
27	Down Payment	5.50%	171,487.80	20%	603,383.00
28	Less: Reservation Fee		20,000.00		20,000.00
29	Net Down Payment		151,487.80		583,383.00
30	Monthly DP	6 mos.	25,247.97	6 mos.	97,230.50
31	Down Payment w/ insurance	7%	218,257.20
32	Interest Rate	14%	30,556.01
33	Total Down Payment		248,813.21
34	Monthly Down Payment	9 mos.	27,645.91
35	Loan Amount	87.50%	2,728,215.00	80%	2,413,532.00
36	Monthly Amortization:
37	5 yrs.		57,086.47		61,287.85
38	10 yrs.		34,629.39		48,254.15
39	15 yrs.		27,571.45		n/a
40	20 yrs.		24,289.18		n/a
41
42	Margaret Model - Corner		Bank Financing		In-house Financing
43			@ 7% to 8% P.A.		@ 18% to 21% P.A.
44	Selling Price - Corner Unit		3,538,000.00		3,538,000.00
45	Processing Fee	8%	283,040.00	4.50%	159,210.00
46	Total Contract Price		3,821,040.00		3,697,210.00
47	Down Payment	5.50%	210,157.20	20%	739,442.00
48	Less: Reservation Fee		20,000.00		20,000.00
49	Net Down Payment		190,157.20		719,442.00
50	Monthly DP	6 mos.	31,692.87	6 mos.	119,907.00
51	Down Payment w/ insurance	7%	267,472.80
52	Interest Rate	14%	37,446.19
53	Total Down Payment		304,918.99
54	Monthly Down Payment	9 mos.	33,879.89
55	Loan Amount	87.50%	3,343,410.00	80%	2,957,768.00
56	Monthly Amortization:
57	5 yrs.		69,959.11		75,107.87
58	10 yrs.		42,438.09		59,135.15
59	15 yrs.		33,788.64		n/a
60	20 yrs.		29,766.23		n/a
61
62	NOTE: Prices are subject to change without prior notice
63	Please call/message us for udpated prices to 0949-198-06-99 or 0905-390-0983
64	Click here for updates: Sample Computation ( Bank and In-house Financing )