Carmona Estates, Phil House & Lot Nr. Splash Island, Oaks Model In Carmona Cavite 2 Storey, P1.6m

Oakwood House Model
Carmona Estates
Barangay Lantic, Carmona Cavite
MOST AFFORDABLE 4 BEDROOM HOUSE FOR SALE IN CARMONA CAVITE - PHILIPPINES
104sqm (1,118.87sq ft) Floor Area 88sqm (946.74s ft) Lot Area
1 Bedroom / 1 Toilet & Bath Downstairs
3 Bedroom / 1 Toilet & Bath/Wide Balcony Upstairs
Balcony is Attached to the Next House
House is Attached Only to Next House at the Back
Low Monthly Amortization of P14,276.83 thru Bank Financing 20yrs @10.5%
Morning Sun units are available. Additional of around P40,000.00
Corner Lots are additional of a minimum of 13 sqm of lot, priced at P1,841,000.00

DIMENSIONS:
- Dining / Living Area 34sqm (366sq ft)
- Ground Floor / 2nd Floor Bedroom 9sqm (96.8sq ft)
- Restroom 2.6sqm (28sq ft)
- Kid's Bedroom 6.6sqm (71 sq ft)
- Master's Bedroom 13.4sqm (140sq ft)

House Features:
• 4 Bedrooms
• Living Room
• Kitchen
• Dining Room
• 2 Toilets and Baths
• Terrace and Lanai
• Laundry / Service Area
• Provision for 2 Car Garage
• Provision for Front Lawn
• Provision for CATV, Telephone and Air-Conditioning Unit


House Finishes:
• Pre-Painted G.I. Roofing
• Tiled Kitchen Counter with Stainless Steel Kitchen Sink
• Tiled Toilet and Bath
• Ceramic Bathroom Fixtures
• Interior and Exterior Wall Paint Finish

Computations:

Option 1: BANK FINANCING:(Inner Lot)
    •    Total Selling Price = P1,625,000
    •    20% Down payment = 325,000
    •    Less: Reservation = 20,000
    •    Net Downpayment = 305,000
    •    Payable in 15mo. = 20,333.33
    •    Loanable Amount = 1,300,000
    •    Add: Legal and Misc. Fees = 130,000
    •    Total Loanable Amount = 1,430,000

Monthly Amortization @10.5% Interest (Bank Financing):
    •    5yrs. = 30,736.28
    •    10yrs. = 19,295.71
    •    15yrs. = 15,807.20
    •    20yrs. = 14,276.83

NOTE:
    •    Fire and MRI insurance not included.
    •    Move-in on the 19th to 21st month or after paying downpayment
    •    Processing Fees includes Transfer of Title.
    •    Interest rate is reference only.
    •    Prevailing interest rate will apply upon loan takeout.
    •    Bank terms for OFW is 15 yrs while locally employed has up to 25 yrs.
    •    Developer will process loan. Tied up with Metrobank and UCPB.
    •    Bank maximum approved amount will depend on salary & age (loan maturity is 55 yrs.)

Option 2: IN-HOUSE FINANCING:
    •    Selling Price = P 1,625,000
    •    Down payment (20%) = 325,000
    •    Processing Fee (4.5%) = 73,125
    •    Total Down payment = 398,125
    •    Less: Reservation Fee = 20,000
    •    Net Equity = 378,125
    •    Payable in 18 months = 25,208.33

Total Remaining Balance: Payable Through In-House Financing
80% Balance = P1,300,000

Amortization Including Insurance Fees 
Years to Pay:
    •    Five (5) years @ 18% = 33,011.45
    •    Ten (10) years @ 21% = 25,991.11

NOTE:
    •    Fire & MRI insurance not included. Estimated at .0005% of loanable amount.
    •    Transfer of Title cost not included.
    •    Processing fees includes One year Advance Real Property Tax & Insurances.
    •    Advance Homeowners Dues and Documentation/Notarial Fees.
    •    In-house processing will be processed by the Developer. Buyer just need to submit requirements.

Option 3: CASH PAYMENT SCHEME
(Legal & Miscellaneous Fees and Reservation Fee not included in the computation of the discount)
PRICE STARTS AT PHP 1,625,000.00 AND UP
    •    Typical Selling Price = Php 1,625,000.00
    •    Less: Reservation Fee = 20,000.00
    •    Selling Price Net of Reservation Fee = Php 1,605,000.00
    •    10% Discount within 7 days