SMDC EARLY OCCUPANCY PROGRAM SAMPLE COMPUTATION

NAME:
UNIT NUMBER: SUNRB024110
UNIT TYPE: 1BR with Balcony
UNIT AREA (in sqm): 26.30
ORIENTATION: Amenity / QC
LIST PRICE: PHP 2,998,000
TURN OVER DATE: Ready for Occupancy

5% Spot DP, 10% in 16 months, 5% Spot DP, 15% in 22 months, 10% Spot DP, 5% in 16 months, 10% Spot DP, 10% in 22
PAYMENT TERM 5% on the 17th month, 80% 80% Balance through Bank or 5% on the 17th month, 80% months, 80% Balance through
Balance through Bank or Cash Cash Balance through Bank or Cash Bank or Cash

List Price PHP 2,998,000.00 PHP 2,998,000.00 PHP 2,998,000.00 PHP 2,998,000.00
Percentage Discount 0% 0% 0% 0%
Discount Amount - - - -
Total Discounted Price 2,998,000.00 2,998,000.00 2,998,000.00 2,998,000.00
Other Charges (6.5%) 194,870.00 194,870.00 194,870.00 194,870.00
VAT (12%) - if > P3,199,200 0.00 0.00 0.00 0.00
TOTAL CONTRACT PRICE 3,192,870.00 3,192,870.00 3,192,870.00 3,192,870.00
Percentage Downpayment 5% 5% 10% 10%
Downpayment Amount 159,643.50 159,643.50 319,287.00 319,287.00
Reservation Fee 25,000.00 25,000.00 25,000.00 25,000.00
Net Downpayment 134,643.50 134,643.50 294,287.00 294,287.00
2nd Percentage Downpayment 10% 15% 5% 10%
2nd Percentage Amount 319,287.00 478,930.50 159,643.50 319,287.00
SAMPLE PAYMENT SCHEDULE
Month 0 25,000.00 25,000.00 25,000.00 25,000.00
Month 1 134,643.50 134,643.50 294,287.00 294,287.00
Month 2 19,955.44 21,769.57 9,977.72 14,513.05
Month 3 19,955.44 21,769.57 9,977.72 14,513.05
Month 4 19,955.44 21,769.57 9,977.72 14,513.05
Month 5 19,955.44 21,769.57 9,977.72 14,513.05
Month 6 19,955.44 21,769.57 9,977.72 14,513.05
Month 7 19,955.44 21,769.57 9,977.72 14,513.05
Month 8 19,955.44 21,769.57 9,977.72 14,513.05
Month 9 19,955.44 21,769.57 9,977.72 14,513.05
Month 10 19,955.44 21,769.57 9,977.72 14,513.05
Month 11 19,955.44 21,769.57 9,977.72 14,513.05
Month 12 19,955.44 21,769.57 9,977.72 14,513.05
Month 13 19,955.44 21,769.57 9,977.72 14,513.05
Month 14 19,955.44 21,769.57 9,977.72 14,513.05
Month 15 19,955.44 21,769.57 9,977.72 14,513.05
Month 16 19,955.44 21,769.57 9,977.72 14,513.05
Month 17 19,955.44 21,769.57 9,977.72 14,513.05
Month 18 159,643.50 21,769.57 159,643.50 14,513.05
Month 19 2,554,296.00 21,769.57 2,554,296.00 14,513.05
Month 20 21,769.57 14,513.05
Month 21 21,769.57 14,513.05
Month 22 21,769.57 14,513.05
Month 23 21,769.57 14,513.05
Month 24 2,554,296.00 2,554,296.00

TOTAL PROCEEDS 399,108.75 3,192,870.00 3,192,870.00 3,192,870.00

Sample Computation: Bank Financing:

Term Factor Rate
5 years (7.50%) 0.021124240 0.021124240 53,957.56 53,957.56 53,957.56
10 years (9.00%) 0.012667577 0.013769330 35,170.94 35,170.94 35,170.94
15 years (9.50%) 0.010442247 0.011359688 29,016.01 29,016.01 29,016.01
**Prevailing bank rates apply at time of loan availment.
Notes:
* OTHER CHARGES = (Registration Fees, Documentary Stamp Tax from BIR, Transfer Tax Fees from City Treasurer's Office,
Water & Meralco Meter Installation,Handling Fees, Miscellaneous fees)
* Bank Charges or In-house financing processing fee, Insurances (MRI & FIRE) and Association Dues / Working Capital are not included in the Total Contract Price.
* In case of payment of the Purchase
Price through Bank Financing,the
obligation to apply with and secure
* All Additional Discounts shall be subject to approval.
* Any other payment schemes shall be subject to approval
* RESERVATION FEE = strictly non – refundable and cannot be credited to other units.
* all checks payable to SM DEVELOPMENT CORPORATION
*This document does not constitute nor form part of any contract and is for information purposes only.