Montana Vista Ready for Occupancy Units

Lot Area=120 sq.m
Floor Area=50 Sq.m

Beds=3
T&B=1

TCP=1,471,275
Reservation Fee=20,000




TERMS of Payments:

1.Spotcash
reservation
discount=155,460
Net TCP=1,295,815

2. Interim bank/In-house financing

a. Spot 20% Downpayment w/in 30 days
downpayment=295,000
discount=6%=14,685.71
reservation=20,000
net down=260,314.29

b. Spot 15% Downpayment w/in 30 days
downpayment=221,000
discount=6%=10,714.29
reservation=20,000
net down=190,286

5% balance payable in 3 months=74,000/3=24,667

2.1 Bank Financing
estimated loan amount=80%=1,176,275

monthly amortization required income
10 years@12%=16,877 56,257
7 years@12%=20,765 69,218
5 years@12%=26,167 87,222
3 years @12%=39,070 130,324

2.2 In-house financing

estimated loan amount=80%=1,373,550

monthly amortization required income
10 years@18%=21,196 70,652
7 years@18%=24,724 82,413
5 years@18%=29,871 99,569
3 years @18%=42,526 141,754

Requirements for Move-in Application
1. Full downpayment plus one month
2. Complete documents and PDC
3. Loan approved