MARY ANGELIQUE MODEL: – Ready for 2-Storey/ 2BR House

HOUSE DETAILS:
1-Storey House Ready for 2-Storey House
2 Bedrooms
1 Comfort Room
Living, Dining, Kitchen
Sliding Windows
Floor Area: 33 sq. m.
Lot Area : 44 sq. m.
Total Contract Price: P 1,250,000.00
Reservation Fee : P10,000.00
Note: Misc. Fees: P 75,000.00

SAMPLE COMPUTATION: Pag ibig Loan
Equity/DP:
Total Contract Price – P 1,250,000.00
Loanable amount 780,000.00
Gross Equity P 470,000.00
Less: Reservation 10,000.00
Net Equity P 460,000.00 – Payable 42 mos. at P 10,952.38/mo.
Or: with Misc. Fees at P 12,738.10/mo.
Balance Loanable to Pag -big – P 780,000.00 (Based on 3-Year Reprising)
30 years to pay – P 4,930.13/mo.
(Req’d. Gross Monthly Income – P 14,086.09/mo.)

***In-House Financing: 30% Downpaymeny, 70% Balance for 5 years
***Bank Financing – 20% Equity, 80% Loanable
Accredited Banks: BPI and Bank of Commerce