CAVITE HOUSE - PROVIDER OF QUALITY HOMES AT AFFORDABLE PRICE

Oakwood Sample Computations:

Option 1: BANK FINANCING:(Inner Lot)

Total Selling Price	Php 1,625,000.00
20% Down payment	Php 325,000.00
Less: Reservation	Php 20,000.00
Net Downpayment	Php 305,000.00
Payable in 15mo.	Php 20,333.33
Loanable Amount	Php 1,300,000.00
Add: Legal and Misc. Fees	Php 130,000.00
Total Loanable Amount	Php 1,430,000.00

Monthly Amortization @10.5% Interest (Bank Financing):

5yrs.	Php 30,736.28
10yrs.	Php 19,295.71
15yrs.	Php 15,807.20
20yrs	Php 14,276.83

NOTE:

Fire and MRI insurance not included.
Move-in on the 19th to 21st month or after paying downpayment
Processing Fees includes Transfer of Title.
Interest rate is reference only.
Prevailing interest rate will apply upon loan takeout.
Bank terms for OFW is 15 yrs while locally employed has up to 25 yrs.
Developer will process loan. Tied up with Metrobank and UCPB.
Bank maximum approved amount will depend on salary & age (loan maturity is 55 yrs.)

Option 2: IN-HOUSE FINANCING:

Selling Price	Php 1,625,000.00
Down payment (20%)	Php 325,000.00
Add: Processing Fee (4.5%)	Php 73,125.00
Total Down Payment	Php 398,125.00
Less: Reservation Fee	Php 20,000.00
Net Equity	Php 378,125.00
Payable in 15 months	Php 25,208.33

Total Remaining Balance: Payable Through In-House Financing

80% Balance

Php P1,300,000.00

Amortization Including Insurance Fees
Years to Pay:

Five (5) years @ 18%	Php 33,011.45
Ten (10) years @ 21%	Php 25,991.11

NOTE:

Fire & MRI insurance not included. Estimated at .0005% of loanable amount.
Transfer of Title cost not included.
Processing fees includes One year Advance Real Property Tax & Insurances.
Advance Homeowners Dues and Documentation/Notarial Fees.
In-house processing will be processed by the Developer. Buyer just need to submit requirements.

Option 3: CASH PAYMENT SCHEME
(Legal & Miscellaneous Fees and Reservation Fee not included in the computation of the discount)
PRICE STARTS AT PHP 1,625,000.00 AND UP

Typical Selling Price	Php 1,625,000.00
Less: Reservation Fee	Php 20,000.00
Selling Price Net of Reservation Fee	Php 1,605,000.00
10% Discount within 7 days from the date of reservation	Php 1,444,500.00
9.5% Discount within 8 to 30 days from the date of reservation	Php 1,452,525.00
9% Discount within 31 to 60 days from the date of reservation	Php 1,460,550.00
8.5% Discount within 61 to 90 days from the date of reservation	Php 1,476,600.00

Oakwood Sample Computations:

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