Davao Real Estate Blog

Teresita is the next smaller house offering of Uraya Land at the Villa de Mercedes Subdivision.

It has a total floor area of 214.03 sqm, both at the ground floor and the second floor. It is to be built on a lot with a minimum area of 200 sqm.

Below, you will see the House Plan and Sample Financing Computation for the Teresita Model

Architect’s 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 = 200 sqm
Floor Area = 214.03 sqm

Total Price = PhP 6,950,000
Reservation Fee = PhP 100,000 (forms part of the down payment)

A. SPOT CASH
= PhP 6,750,000 (payable within 3 months)

B. DEFERRED CASH (No Interest, No Downpayment)

= PhP 6,790,000 payable within 6 months

C. LONG TERM SELLER FINANCING (20% Down, 80% Financed)

• 20% Down (PhP 1,390,000)

  = PhP 107,500 / mo for 12 months

• 80% Financed (PhP 5,560,000 )

  = PhP 141,187.46 / mo for 5-year term at 18% interest p.a.
  = PhP 107,450.15 / mo for 10-year term at 20% interest p.a.

D. BANK FINANCING (30% Down, 70% Bank Loan)

• 30% Down (PhP 1,964,840)

  = PhP 163,736.67 / mo for 12 months

• 70% Financed (PhP 4,817,960 )

  = PhP 101,775.76 / mo for 5-year term at 9.75% interest p.a.
  = PhP 66,340.14 / mo for 10-year term at 10.340.14 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.