House Design and Home Financing : Susana Mode At Villa de Mercedes
The Susana Design is the smallest home being sold by the developer at the Villa de Mercedes Subdivision. It is a two-storey house with around 143 sq m of total floor area. It is to be built on a minimum of 150 sqm lot.
The floor plans and Home Financing Computation for the Susana Model House at the Villa de Mercedes Subdivision
House Perspective
Floor Plan for the Ground Floor
Floor Plan for the Second Floor
Get in touch with Carlos for appointment and inquiries about the Villa de Mercedes.
Lot Area = 150 sqm
Floor Area = 143.09 sqm
Total Price = PhP 4,700,000
Reservation Fee = PhP 100,000 (forms part of the down payment)
A. SPOT CASH
= PhP 4,452,000 (payable within 3 months)
B. DEFERRED CASH (No Interest, No Downpayment)
= PhP 4,555,000 payable within 9 months
C. LONG TERM FINANCING (20% Down, 80% Seller Financing)
- 20% Down (PhP 940,000)
= 70,000 / mo for 12 months
- 80% Financed Amount (PhP 3,760,000)
= 95,479.29 / mo for 5-year term at 18% interest p.a.
= 72,664.13 / mo for 10-year term at 20% interest p.a.
D. BANK FINANCING (30% Down, 70% Bank Loan)
- 30% Down (PhP 1,294,880)
= 107,906.67 / mo for 12 months
- 70% Estimated Loan Amount (PhP 3,254,720)
= 68,753.50 / mo for 5-year term at 9.75% interest p.a.
= 44,815.35 / mo for 10-year term at 10.99% interest p.a.
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. No broker or agent is allowed to accept payment or issue an Official Receipt.
5. All cheque payments must be paid to the account of the Developer.
6. 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.
7. Davao Real Estate Guide reserves the right to correct clerical errors appearing in this sample computation.
