This is a sample computation of In-house Financing

Hymettus (First building near clubhouse)

Php. 6,079, 000.00
Downpayment: 10%
Balance: 90 %

List Price 6,079,000.00

Terms of Payment 10% DP; 80% Balance in 10 years

Closing Fees Total

(DP Period)
Discount 2% 121,580.00
Net 5,957,420.00
Discount (PDC) 2% 119,148.40
Contract Price 5,838,271.60 119,148.40

DP 10% 583, 827.1 119,148.40 702,975.50

Less Reservation Fee 20,000.00
Net DP 682,975.50 (Paid cash within 30 days)
Balance 90% 5,254,444.40
Monthly Amortization 98,085.97

In-house Financing
100% Cash 10% Discount
Downpayment 10% 20% 30% 40%
Discount 2% 3% 4% 5%
Terms Interest Interest Interest Interest
1 year 0% 0.0% 0.0% 0.0%
2 9% 9.0% 9.0% 9.0%
3 11% 10.5.% 10.0% 9.5%
4 12% 11.5% 11.0% 10.5%
5 14% 13.0% 12.0% 11.0%
10 19% 17.0% 16.0% 15.0%
In-house Financing is fixed up to 10years only.

Bank Financing is lower in interest rates and you may opt for a longer years of payment. Like in UCPB bank
here in the Philippines, in 15 years the interest rate is 9% and they still have special terms of 10-10-80.
The 10-10-80 goes like this
10% Initial DP
(2nd)10% DP payable in 40 mths (to start 30 days after 1st DP)
80% Bank Financing (drawdown 30 days after 1st 10% DP)

Discount Rates of UCPB and BPI bank

10% DP; 90 Balance 2%
20% DP; 80% Balance 3%
30% DP; 70% 4%
40% DP; 60% 5%

Sir you may still choose other bank that you prefer for bank financing. I'm just mentioning these two banks for these banks
are in partnership with the company so less requirements needed and faster processing of papers.
anks for these banks