Home Loan and Financing for Citronella House Design
Citronella (or formerly Cecina) is a 3-bedroom, single-storey house with spacious rooms enough to accommodate a small family. One toilet and bath is available at the master’s bedroom and another one is available in common. This house is to be built at the Toscana Subdivision. A sample computation and available financing options for the Premium Unit are provided below.
Get in touch with Carlos for appointment and inquiries about the Citronella / Cecina Model.
Sample Home Loan / Financing Computation Effective Oct 20, 2008
House Design = Citronella (Single Attached, with firewall)
Floor Area = 60 sqm
Min Lot Area = 144 sqm
Total Contract Price = PhP 1,995,000 (minimum price assuming a regular lot)
Reservation Fee = PhP 15,000 (forms part of the down payment)
A. SPOT CASH
= PhP 1,828,032 (discount depends on promo)
B. DEFERRED CASH (No Interest, No Downpayment, 2 years to pay)
= PhP 82,500 / mo for 24 months
C. LONG TERM FINANCING (20% Down, 80% Bank Loan)
- 20% Down payment (PhP 399,000)
= PhP 32,000 / mo for 12 months - 80% Estimated Home Loan Takeout (PhP 1,596,000)
= PhP 19,155 / mo for 15-year term at 12% p.a. interest rate
Monthly amortization starts after the full payment of the down payment.
D. STRAIGHT MONTHLY SELLER FINANCING
No Down payment, only reservation is required.
- 5 years at 10% pa = 42,069
- 3 years at 6% pa = 60,235
FYI: The monthly amortization amount may vary depending on the loan term, interest rate, loan amount granted to you by the bank or the financial institution. You may want to compute the monthly amortization using different loan parameters by using an online loan calculator provided with this website.
Note:
1. Price may change without prior notice.
2. Price is already set by the developer and subject to final verification. Brokers cannot change the price.
3. Reservation Fee forms part of the down payment.
4. Loan Amount is subject to Credit Committee or Bank’s approval.
5. No broker or agent is allowed to accept payment or issue an Official Receipt.
6. All cheque payments must be paid to the account of the Developer.
7. This is only a sample computation for a regular lot with a minimum lot area requirement for the house. Price may be affected by the lot area and other factors.
8. Davao Real Estate Guide reserves the right to correct clerical errors appearing in this sample computation.
why only 1 toscana model house presented? is this the only 1 available?
Comment by chat — March 19, 2008 @ 3:30 am
Hi Chat,
The other models are available too from this website. Maybe you should try to browse the site more. You can see them from the home page.
Comment by davao real estate guide — March 19, 2008 @ 7:40 am
what do u mean by “STRAIGHT MONTHLY SELLER FINANCING”…??
Comment by reine — July 15, 2008 @ 6:51 am
@reine
I think it means that you don’t have to make a down payment. After you pay the reservation fee, you start paying the principle and at a lower interest rate.
Comment by durian jam — October 21, 2009 @ 6:10 pm