TMRD Sample Comp APR2020 With Spot

You might also like

Download as pdf or txt
Download as pdf or txt
You are on page 1of 1

THE MAGNOLIA RESIDENCES TOWER D

SAMPLE COMPUTATION
PROJECT COMPLETION : Q2-2021

OPTION 1 PROMO - 20% DOWNPAYMENT PAYABLE UP TO 42 MONTHS WITHOUT INTEREST


Unit Type 1-Bedroom 1-Bedroom 1-Bedroom 1-Bedroom
Unit 16K 24G 27N 36L
Floor Area (in SQM) 37.00 38.50 39.50 34.50
Balcony/Garden (in SQM) 0.00 0.00 4.50 4.50
Gross Floor Area 37.00 38.50 44.00 39.00

Total Contract Price 7,892,950.00 8,177,837.00 9,606,827.00 8,747,428.00


Less: 1.0% Payment Term Discount (78,929.50) (81,778.37) (96,068.27) (87,474.28)
Net Total Contract Price 7,814,020.50 8,096,058.63 9,510,758.73 8,659,953.72

10% Spot Downpayment 781,402.05 809,605.86 951,075.87 865,995.37


Less: Reservation Fee (50,000.00) (50,000.00) (50,000.00) (50,000.00)
DP net of Res. Fee 731,402.05 759,605.86 901,075.87 815,995.37

20% Downpayment 1,562,804.10 1,619,211.73 1,902,151.75 1,731,990.74


26 Months to Pay 0% 60,107.85 62,277.37 73,159.68 66,615.03

70% Balance Payment 5,469,814.35 5,667,241.04 6,657,531.11 6,061,967.60

6% TTFE*** (Title Tranfer Fees & Expenses) 468,841.23 485,763.52 570,645.52 519,597.22

Remarks
* Monthly Amortization computation is for illustration purposes only; official computation to be provided by bank
** Interest rate at 8.50% per annum is for illustration purposes only; actual rate to be based on bank prevailing rate
***Turnover Taxes, Fees and Expenses (TTFE), which is estimated at 6% of Total Contract Price will be charged, subject to
adjustments at the time of title transfer. These shall cover pertinent national and local government fees and charges, including,
but not limited to, documentary stamp tax, notarial fees, transfer taxes, registration fees and other expenses connected with
the execution of the Deed of Abosolute Sales and the issuance or transfer of the corresponding Condominium Certificate of Title,
as well as Condominium Corporation Membership fees and creditable condominium dues, and utility bonds (if applicable).

1. The Developer reserves the right to make corrections resulting from typographical errors.
2. All prices and payment schemes are subject to change without prior notice.
3. Parking slots are not included in the quoted unit prices.
4. Prices do not include fees relevant to the sale such as Turn-over Taxes, Fees and Expenses.
5. All unit areas are approximately (+/-).

You might also like