Sample Computations:

Option 1: Bank | In-House Financing (12.5% Down Payment)

PRICE STARTS AT PHP 1,060,000.00 AND UP Updated May 8, 2014
TERMS BANK FINANCING IN-HOUSE FINANCING
12.5% DP 24 Months DP
Selling Price Php 1,060,000.00 Php 1,060,000.00
Add: Legal and Misc Fees Php 84,800.00 Php 47,700.00
Total Package Price Php 1,144,800.00 Php 1,107,700.00
Down Payment Php 143,100.00 (12.5%) Php 332,310.00 (30%)
Less: Reservation Php 10,000.00 Php 10,000.00
Net Down Payment Php 133,100.00 Php 322,310.00
Monthly DP Php 8,873.33 (15mos) Php 13,429.58 (24mos)
Total Loanable Amt. Php 1,001,700.00 (87.5%) Php 775,390.00 (70%)
Monthly Amortization based on 8% (Indicative Rate Only. Prevailing Bank Rates will Apply):
20yrs. Php 8,378.62
15yrs. Php 9,572.77
10yrs. Php 12,153.39 Php 15,502.50
05yrs Php 20,310.86 Php 19,689.81
NOTE:
MRI and FIRE Insurance not included.
Move-in after 24th month.
Monthly Amortization payments will a month after the last Down Payment.
Processing Fees includes Transfer of Title for Bank Financing. Not yet included for In-House.
Interest rate is for reference only. Prevailing interest rate will apply upon loan takeout.
Bank terms for OFW is up to 15yrs and locally employed is up to 20yrs.
Developer will process loan. Homebuyers just need to submit Requirements.
Bank maximum approved amount will depend on salary & age (loan maturity is 65 yrs.)

Option 2: Cash Payment Scheme
(Legal & Miscellaneous Fees and Reservation Fee not included in the computation of the discount)
PRICE STARTS AT PHP 1,060,000.00 AND UP
Typical Selling Price Php 1,060,000.00
Less: Reservation Fee Php 10,000.00
Selling Price Net of Reservation Fee Php 1,050,000.00
10% Discount within 7 days from the date of reservation Php 945,000.00
9.5% Discount within 8 to 30 days from the date of reservation Php 950,250.00
9% Discount within 31 to 60 days from the date of reservation Php 955,500.00
8.5% Discount within 61 to 90 days from the date of reservation Php 960,750.00
NOTE:
Transfer of Title cost not included.
Processing fees not yet included in the computation. (4.5% of Selling Price)
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
Catherine Townhouse Lancaster Estates
Getting a Catherine Townhouse is as EASY as 1-2-3
(1) Reservation (2) Submission of Documents (3) House Turn-Over
Call Esperanza Obado to schedule for a
site viewing.
Buyers are given 60 days from Reservation
to Submit the documents.
Buyers are given 60 days from Notice of
Completion to inspect their unit.
Choose a BLOCK and LOT, then pay the
Reservation.
Buyers Counselling to know your Rights
and Responsibilities.
Lists of Requirements can be found in the
button below.
Bank and In-House forms are provided.
Upon acceptance. Buyer can Move-In to their
new unit.