Very wise  investment for only 2.5M Philippine pesos  house and lot 2 bedroom, 42.30 sqm. 2 toilet and bath in a 175 sqm. lot with title

Sample calculation in Philippine Pesos:

Contract Price 2,600,290

OPTION 1:

30/70 30% Down Payment 780,087

Outright DP 780,087

70% Balance 1,820,200

Inhouse Financing: 5 years 46,221.19 /mo.

Bank financing : (estimated at 8% interest/year)

5 years 36,907.15 /mo.

10 years 22,084.09 /mo.

15 years 17,394.81 /mo.


OPTION 2:

20/80 20% Down Payment 520,058

Outright DP 520,058

80% Balance 2,080,232 Inhouse Financing: 5 years 52,824.22 /mo.

bank financing : (estimated at 8% interest/year)

5 years 42,179.60 /mo.

10 years 25,238.95 /mo.

15 years 19,879.78 /mo.

* bank loan processing requires 4-6 months, there is no payment holiday, inhouse financing will apply while waiting for the release of bank loan payment.

* for 20/80 payment term, start of construction is upon receipt of bank loan proceeds.

* construction is allowed only if paid at least 30% of price

*other charges: processing fee and transfer tax

*additional bank charges for bank financing *interest rates vary depending on the banks' prevailing rates *inhouse financing for lot is up to 10 years, while house is up to 5 years only

Development Map

THIS IS HEAVEN - CORON PALAWAN