sample computation open lot..hacienda escudero

SAMPLE OPEN LOT COMPUTATION


REGULAR LOTS IN PHASE 1 &; 2A

Block No.       5        In PhP

Lot No.          11

Lot Area (sqm)     730

Price per sqm 5,100.00

Total Contract Price 3,723,000.00



CASH PAYMENT

12% Cash Discount 446,760.00
Net Contract Price 3,276,240.00
Reservation Fee 50,000.00
Cash Payment (30 days after reservation) 3,226,240.00





DEFERRED CASH

OPTION 1: 24 MONTHS STRAIGHT AMORTIZATION

Reservation Fee 50,000.00
Balance , Net of RF 3,673,000.00
24 Monthly Installments 153,041.67



OPTION 2: 36 MONTHS STRAIGHT AMORTIZATION

Reservation Fee 50,000.00
Balance , Net of RF 3,673,000.00
36 Monthly Installments 102,027.78



OPTION 3: SPOT DP 1

Reservation Fee 50,000.00
24% Spot DP with 10% disc on DP 754,168.00
76% balance in 48 months - zero interest 58,947.50
NET CONTRACT PRICE 3,633,648.00



OPTION 3: SPOT DP 1

Reservation Fee 50,000.00
24% Spot DP with 15% disc on DP 709,492.00
76% balance in 42 months - zero interest 67,368.57
NET CONTRACT PRICE 3,588,972.00



BANK FINANCING OPTION:

Reservation Fee 50,000.00
20% DP (net of RF) 694,600.00
payable in 12 months - zero interest 57,883.33
80% Balance bank Take-out with 12% disc on Bal. 2,620,992.00
NET CONTRACT PRICE 3,365,592.00



5-YEAR INSTALLMENT



Total Contract Price 3,723,000.00
Reservation Fee 50,000.00
1st year monthly amortization 893,520.00
(12 months; no interest) 70,293.33

2nd to 5th year 2,829,480.00
(with 16% interest) 80,188.26



NOTE: Please make check payable to LANDCO PACIFIC CORP.