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    Autoloan

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    Wesley Raphael Melo Flaviano
    This document contains a sample computation for a home loan with varying down payment amounts from 10% to 50%. It shows the amount down, remaining bank finance, monthly amortization, total amount earned by the bank including interest, subsidy amounts from interest that would be provided by the employer at 80% and employee at 20%, and the actual monthly payment by the employee.

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    Autoloan

    Uploaded by

    Wesley Raphael Melo Flaviano
    13 views1 page
    This document contains a sample computation for a home loan with varying down payment amounts from 10% to 50%. It shows the amount down, remaining bank finance, monthly amortization, total amount earned by the bank including interest, subsidy amounts from interest that would be provided by the employer at 80% and employee at 20%, and the actual monthly payment by the employee.

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    auto loan computation

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    autoloan

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    This document contains a sample computation for a home loan with varying down payment amounts from 10% to 50%. It shows the amount down, remaining bank finance, monthly amortization, total amount earned by the bank including interest, subsidy amounts from interest that would be provided by the employer at 80% and employee at 20%, and the actual monthly payment by the employee.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    13 views1 page

    Autoloan

    Uploaded by

    Wesley Raphael Melo Flaviano
    This document contains a sample computation for a home loan with varying down payment amounts from 10% to 50%. It shows the amount down, remaining bank finance, monthly amortization, total amount earned by the bank including interest, subsidy amounts from interest that would be provided by the employer at 80% and employee at 20%, and the actual monthly payment by the employee.

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    © All Rights Reserved
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    of 1

    SAMPLE COMPUTATION

    TCP 830000 830000 830000 830000 830000


    BANK B
    INTEREST RATE 5.56%

    DOWN PAYMENT 10% 20% 30% 40% 50%


    AMOUNT DOWN 83000 166000 249000 332000 415000
    BANK FINANCE 747000 664000 581000 498000 415000
    AMORTIZATION MONTHLY 15939 14168 12397 10626 8855
    # of MONTHS to PAY 60 60 60 60 60
    TOTAL AMOUNT EARNED BY BANK 956340 850080 743820 637560 531300
    TOTAL INTEREST EARNED 209340 186080 162820 139560 116300
    SUBSIDY 80% ADGT from INTEREST 167472 148864 130256 111648 93040
    SUBSIDY BY EMPLOYEE 20% from INTEREST 41868 37216 32564 27912 23260
               
    SUBSIDY GIVE BY ADGT TO EMPLOYEE per month for 60months 2791.2 2481.067 2170.933 1860.8 1550.667
    SUBSIDY SHOULDER BY ADGT TO EMPLOYEE per month for
    60months 697.8 620.2667 542.7333 465.2 387.6667
               
    ACTUAL MONTHLY PAYMENT BY EMPLOYEE 13147.8 11686.93 10226.07 8765.2 7304.333

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