Sunday, October 24, 2010

Payment: 20-80 Super Easy Scheme

Most of the clients of Aspen Heights avail of Robinsons Homes 20-80 NO Spot Down Payment Scheme.  This scheme allows buyers to purchase a lot with a 20% Down payment payable in 18 months without interest.  The 80% balance will be paid through bank loan from our partner banks (BPI, Banco De Oro, Robinsons Bank).  Reservation Fee is 10,000 pesos. A 4% miscellaneous fee will be charge for title transfers and other expenses. This fee can also be amortized in 18 equal and interest-free installments.

Sample Computation:

Sample Lot: Block 35 lot 17
Lot area: 120 sqm.
Price: 468,000.00

20% D/P: 93,600.00
Less Reservation Fee: 10,000.00
Net Down Payment: 83,600.00
Monthly D/P: 4,644.44 (For 18 months)
Monthly Miscellaneous  Fee: 1,040.00
Total Monthly Payments: 5,568.44
Balance for Financing: 374,400.00
Loan Estimates:
5 yrs: 7,954.89
10 yrs: 5,104.52

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