Pontefino Sample Computation (1)
-
Upload
james-hernandez -
Category
Documents
-
view
24 -
download
5
description
Transcript of Pontefino Sample Computation (1)
BANK FINANCING INNER UNITS
PHASE 2 PRIME CONDOTEL
Total Contract Price (TCP) 6,515,625 3,925,000 3,874,000
Down Payment (20% of TCP) 1,303,125 785,000 774,800
Less: Full Reservation Fee 50,000 30,000 50,000
Net Down Payment 1,253,125 755,000 724,800
18 Months to Pay 69,618 41,944 40,267
Balance Payment (80% of TCP) 5,212,500 3,140,000 3,099,200
Monthly Amortization:
5 years to Pay – 10.5% (0.02149) 112,017 67,479 66,602
10 years to Pay – 11.5%(0.01406) 73,288 44,148 43,575
15 years to Pay – 12% (0.01200) 62,550 37,680
37,190
BANK FINANCING INNER UNITS
PHASE 2 PRIME CONDOTEL
Total Contract Price (TCP) 6,515,625 3,925,000 3,874,000
Down Payment (20% of TCP) 1,303,125 785,000 774,800
Less: Full Reservation Fee 50,000 30,000 50,000
Net Down Payment 1,253,125 755,000 724,800
18 Months to Pay 69,618 41,944 40,267
Balance Payment (80% of TCP) 5,212,500 3,140,000 3,099,200
Monthly Amortization:
5 years to Pay – 10.5% (0.02149) 112,017 67,479 66,602
10 years to Pay – 11.5%(0.01406) 73,288 44,148 43,575
15 years to Pay – 12% (0.01200) 62,550 37,680
37,190