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Condo Unit Sample Computation

The document outlines the computation details for a condominium unit (Unit 2607) in Building 2 of the 8 Spatial Davao project, with a total contract price of ₱ 5,909,700.00 after discounts and additional fees. It includes a payment schedule, reservation fee, downpayment, and amortization terms, indicating a monthly installment of ₱ 50,624.22 over 180 months. Important disclaimers regarding payment terms, fees, and conditions are also provided.

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0% found this document useful (0 votes)
69 views

Condo Unit Sample Computation

The document outlines the computation details for a condominium unit (Unit 2607) in Building 2 of the 8 Spatial Davao project, with a total contract price of ₱ 5,909,700.00 after discounts and additional fees. It includes a payment schedule, reservation fee, downpayment, and amortization terms, indicating a monthly installment of ₱ 50,624.22 over 180 months. Important disclaimers regarding payment terms, fees, and conditions are also provided.

Uploaded by

lmanapat.rem
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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UNIT COMPUTATION SHEET

Project Name : 8 Spatial Davao


Building : Building 2
Floor : Floor 6
Unit : Unit 2607 (#700)
Product Type : Condominium Unit
- Sub Type : 2BR
Area (sqm) : 33.52
House Model :

Inclusions : Laundry Cubicle

Date (actual date of computation) : 04/22/2025 07:44 PM

Payment Schemes

Bank Financed
Price Computation
List Price : 5,725,494.67
- Promo Discount : 858,824.20
Selling Price : 4,866,670.47
+ E-VAT : 584,000.46
+ Miscellaneous Fee : 243,362.25
+ Other Charges :
Bank Fee : 194,666.82
Turnover Fee Deposit : 21,000.00
CONTRACT PRICE : ₱ 5,909,700.00

Payment Breakdown
Reservation Fee : ₱ 20,000.00
Total Downpayment : ₱ 1,178,740.00
For Amortization : ₱ 4,710,960.00
CONTRACT PRICE : ₱ 5,909,700.00

Reservation
Reservation Fee : ₱ 20,000.00
Reservation Date : 04/22/2025

Downpayment

Spot Downpayment :
% of Downpayment : 10.00%
Net Downpayment (Less Reservation) : ₱ 579,370.00
Spot Downpayment : ₱ 579,370.00
UNIT COMPUTATION SHEET
Start Date : 05/22/2025
End Date : 05/22/2025

Amortization Downpayment :
% of Downpayment : 10.00%
Downpayment : ₱ 599,370.00
Term (in month) : 21
Monthly Downpayment : ₱ 28,541.43
Start Date : 06/22/2025
End Date : 02/22/2027

Amortization
% of Remaining Balance : 80.00%
Remaining Balance : ₱ 4,710,960.00
No of Payments : 180
Frequency : Monthly
Interest : 10.00%
Monthly Installment : ₱ 50,624.22
Start Date : 03/22/2027
End Date : 02/22/2042

Disclaimer:

1. All checks must be payable to Filinvest Land, Inc.. Buyers are required to submit complete Post Dated Checks.
2. The Reservation Fee (RF) is non-refundable. Failure to pay the first downpayment on time (on or before due date),
will result to forfeiture of the RF. On the other hand, if the first downpayment is paid on or before due date, the
Reservation Fee may be credited as part of the payment of the Total Contract Price.
3. Filinvest Land, Inc. shall levy a late payment charge of 3% monthly on all sums due and unpaid under this
Application. The penalty will be due on the overdue amount for delays corresponding to a month or a fraction of a month.
4. Prices and terms are subject to change without prior notice. Filinvest Land, Inc. reserves the right to correct any
typographical error in the preparation of this computation.
5. Total Contract Price (TCP) is inclusive of VAT title transfers and miscellaneous fees.
6. A sale of real estate is subject to 12% VAT if the new selling price exceeds the following amounts:
a. House and Lot - Php 3,600,000.00
b. Condominium unit - Php 3,600,000.00
c. Residential Lot - Php 0.00
d. Parking Lot - Php 0.00
7. MRI refers to Mortgage Redemption Insurance. This amount refers to premium paid to insurance company to fully
pay the loan in case of demise of the buyer/loan borrower.
8. Miscellaneous fees refer to the title transfer fees and expenses.
9. Please issue separate check for Other Charges.
10. For bank financing payment term, the bank interest rates are just indicative. The final loan interest rate shall be
determined by the bank at the time of loan arrangements and approval.
PAYMENT SCHEDULE

Month Due Date Reservation Fee Downpayment/Loan Remaining Balance


0 04/22/2025 ₱ 20,000.00 ₱ 5,889,700.00
1 05/22/2025 ₱ 579,370.00 ₱ 5,310,330.00
2 06/22/2025 ₱ 28,541.43 ₱ 5,281,788.57
3 07/22/2025 ₱ 28,541.43 ₱ 5,253,247.14
4 08/22/2025 ₱ 28,541.43 ₱ 5,224,705.71
5 09/22/2025 ₱ 28,541.43 ₱ 5,196,164.28
6 10/22/2025 ₱ 28,541.43 ₱ 5,167,622.85
7 11/22/2025 ₱ 28,541.43 ₱ 5,139,081.42
8 12/22/2025 ₱ 28,541.43 ₱ 5,110,539.99
9 01/22/2026 ₱ 28,541.43 ₱ 5,081,998.56
10 02/22/2026 ₱ 28,541.43 ₱ 5,053,457.13
11 03/22/2026 ₱ 28,541.43 ₱ 5,024,915.70
12 04/22/2026 ₱ 28,541.43 ₱ 4,996,374.27
13 05/22/2026 ₱ 28,541.43 ₱ 4,967,832.84
14 06/22/2026 ₱ 28,541.43 ₱ 4,939,291.41
15 07/22/2026 ₱ 28,541.43 ₱ 4,910,749.98
16 08/22/2026 ₱ 28,541.43 ₱ 4,882,208.55
17 09/22/2026 ₱ 28,541.43 ₱ 4,853,667.12
18 10/22/2026 ₱ 28,541.43 ₱ 4,825,125.69
19 11/22/2026 ₱ 28,541.43 ₱ 4,796,584.26
20 12/22/2026 ₱ 28,541.43 ₱ 4,768,042.83
21 01/22/2027 ₱ 28,541.43 ₱ 4,739,501.40
22 02/22/2027 ₱ 28,541.40 ₱ 4,710,960.00
23 Upon Loan TakeOut ₱ 4,710,960.00 --
TOTAL ₱ 20,000.00 ₱ 5,889,700.00
UNIT COMPUTATION SHEET

Disclaimer:

1. All checks must be payable to Filinvest Land, Inc.. Buyers are required to submit complete Post Dated Checks.
2. The Reservation Fee (RF) is non-refundable. Failure to pay the first downpayment on time (on or before due date),
will result to forfeiture of the RF. On the other hand, if the first downpayment is paid on or before due date, the
Reservation Fee may be credited as part of the payment of the Total Contract Price.
3. Filinvest Land, Inc. shall levy a late payment charge of 3% monthly on all sums due and unpaid under this
Application. The penalty will be due on the overdue amount for delays corresponding to a month or a fraction of a month.
4. Prices and terms are subject to change without prior notice. Filinvest Land, Inc. reserves the right to correct any
typographical error in the preparation of this computation.
5. Total Contract Price (TCP) is inclusive of VAT title transfers and miscellaneous fees.
6. A sale of real estate is subject to 12% VAT if the new selling price exceeds the following amounts:
a. House and Lot - Php 3,600,000.00
b. Condominium unit - Php 3,600,000.00
c. Residential Lot - Php 0.00
d. Parking Lot - Php 0.00
7. MRI refers to Mortgage Redemption Insurance. This amount refers to premium paid to insurance company to fully
pay the loan in case of demise of the buyer/loan borrower.
8. Miscellaneous fees refer to the title transfer fees and expenses.
9. Please issue separate check for Other Charges.
10. For bank financing payment term, the bank interest rates are just indicative. The final loan interest rate shall be
determined by the bank at the time of loan arrangements and approval.

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