Sample Computaion Inhouse Financing
Arden House Model Inhouse financing
Floor Area 60 Square Meters
Lot Rea 50 Square Meters
Selling price 960,000.00
Add processing fee 43,200.00
Total Contract Price 1,003,200.00
Less Loanable amount
768,000.00
Required Down Payment
235,200.00
Less Reservation Fee
10,000.00
Net Required Down Payment 225,200.00
Monthly DP installment for 15mos. 15,773.39 (No interest)
Amortization (years to pay)
Monthly
5 years @ 18% per year 19,920.79
10 years @ 21% per year 15,773.39
Note: MRI & Fire Insurance included
AMENITIES
Entrance Gate
Country Club
Swimming Pool
Basketball court
Chapel
Landscaped parks and playgrounds
Landscaped open spaces
Centralized Water system
Concrete roads
HOUSE FINISHES
Pre painted Long Span Roofing
Tiled Kitchen Counter with
Stainless Kitchen Sink
Tiled Topilet And Bath
Ceramic Bathroom Fixtures
Interior and Exterior Wall Paint Finish
House Features
Tree (3) Bedrooms
Living area
Kitchen area
Two (2) Toilet and Bath
Laundry Service Area
Dining Area
Provision For Balcony
Provision For One (1) carport
Provision for CATV,Telephone and
Airconditionioning Unit
Required Documents - Inhouse Financing
1.) Valid ID & TIN
2.) 3 pcs. ID picture 1x1 (husband & wife & Atty. in Fact)
3.) Cedula or Passport Number (xerox) (husband & wife Atty in Fact)
4.) Birth Certificate or Marrriage Contract
5.) Certificate of Employment
6.) FOR OFW: Job Contract and Photocopy of Passport
7.) Postdated checks: Developer will give a Bank Referral Letter so Buyer can open a checking account. Only Php5,000 needed to open an account.
A.) 12 pcs. as per Dp/Equity term choosen
B.) 36 pcs. for Monthly Amortization
C.) 1 pc. Guarantee Check
D.) 4 pcs. Real Property Tax for 5 yrs. or 9 pcs. for 10 yrs.
E.) TOTAL CHECKS .....53 CHECKS
If OFW, add these documents:
12.) Passport
13.) Special Power of Attorney
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kurtz826 9 months ago