PAYMENT SCHEME

SAMPLE COMPUTATION

           Square Meters: 180       Price/Sq.M.: Php 3,000    Total Contract Price:180sq.m. x 3,000 = Php 540,000

A. SPOT CASH
     Discount:

      10% w/in 7 calendar days = Php 54,000
              (based on total contract price)

B. REGULAR INSTALLMENT
     20% Down payment = 108,000

B.1. Spot down payment
              Discount
                 10% within 7 calendar days = 10,800
                

B.2. Split down payment
                 (Jan 5) Reservation               = 10,000 
                 (Feb 5) 1st down payment     = 49,000
                 (Mar 5) 2nd down payment   = 49,000

                 20% down payment               108,000

       Total Contract price               540,000
        Less: 20% down payment   -108,000
        Balance to be financed          432,000

        Monthly Amortization:
               2 years   =   22,198.75                           
               3 years    =  16,275.60
               4 years    =  13, 377.31
               5 years    =  11,687.39

 

 

C. ONE-YEAR CONTRACT, NO INTEREST

           Monthly amortization = 45,000

D. STRAIGHT MONTHLY

           1 year     = 45,000 (no interest)
           2 years   =27,748.44
           3 years   =20,344.50
           4 years   =16,721.64

           5 years   =14,609.16

 

 

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