Showing posts with label ready for occupancy. Show all posts
Showing posts with label ready for occupancy. Show all posts

Sunday, January 17, 2010

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

Montana Vista Ready for Occupancy Units


Lot Area=120 sq.m
Floor Area=64 Sq.m

Beds=3
T&B=1

TCP=1,717,550
Reservation Fee=20,000




TERMS of Payments:

1.Spotcash
reservation
discount=181,320
Net TCP=1,516,230

2. Interim bank/In-house financing

a. Spot 20% Downpayment w/in 30 days
downpayment=344,000
discount=6%=17,257.14
reservation=20,000
net down=306,742.86
b. Spot 15% Downpayment w/in 30 days
downpayment=258,000
discount=6%=12,657.14
reservation=20,000
net down=225,343

5% balance payable in 3 months=86,000/3=28,667

2.1 Bank Financing
estimated loan amount=80%=1,373,550

monthly amortization required income
10 years@12%=19,707 65,692
7 years@12%=24,248 80,286
5 years@12%=30,555 101,850
3 years @12%=45,623 152,075

2.2 In-house financing
estimated loan amount=80%=1,373,550

monthly amortization required income
10 years@18%=24,750 82,501
7 years@18%=28,870 96,234
5 years@18%=34,880 116,267
3 years @18%=49,658 165,527

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

Disclaimer: prices are subject to change without prior notice.

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