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Payment scheme, Sample Computations, and Required Documents
Acerhomes Development Corporation
Eastwood Greenview - Bgy. San Isidro, Rodriguez, Rizal
Payment Schemes:
1. Installment Down payment - down payment is to be paid in 8 equal monthly payments.
- entitled to pre-selling discount of php 40,000.
2. Spot Down payment - down payment is to be paid in cash.
- entitled to a pre-selling discount of php 40,000.
- entitled to 8% discount on NTCP ( net total contract price )
3. Cash Payment
a) Deferred cash - entitled to pre-selling discount of php 40,000.
- 5% discount on NTCP.
- Final Contract Price is to be paid in four equal payments.
b) Spot Cash - entitled to a pre-selling discount of php 40,000.
- 12% discount on NTCP.
- Net Final Contract price is to be paid in full upon official reservation ( OR ).
Schedule of Payments:
Installment Down payment:
Day Particulars Required Documents
First Day Temporary Reservation, TR TRA, CIS, CTC - xerox
Seventh Day Official Reservation, OR valid ID - xerox
proof of billing - xerox
signed CTS
deed of restrictions
MRI
marriage certificate - xerox
ITR or contract of work for OFW
SPA, if applicable
approx.
after less than a month 1st down payment 8 PDC's for DP and 36 PDC's for mo.
amortization within 60 days
before the end of 3rd yr. 37th down payment 24 PDC's to cover 4th & 5th year
Note: All checks issued as payment shall indicate at the back hereon;
Buyers name
Project name
Block and Lot number
Type of payment
Discounts -
 |
can only be availed if all the required documents are submitted upon official reservation |
|
entitled to a pre-selling discount of php 40,000. |
|
only reservations with receipt issued by the company will be considered official |
Spot Down payment
Day Particulars Required Documents
First Day Temporary Reservation, TR TRA, CIS, CTC - xerox
Seventh Day Official Reservation, OR valid ID - xerox
Payment of Full Down payment proof of billing
signed CTS
deed of restrictions
MRI
marriage certificate - xerox
ITR or contract of work for OFW
SPA, if applicable
approx.
after less than a month First MA 36 PDC's for MA within 30
( see DP due dates ) days from OR date
before the end of 3rd yr. 37th down payment 24 PDC's to cover 4th & 5th yr.
Note: All checks issued as payment shall indicate at the back hereon;
Buyers name
Project name
Block and Lot number
Type of payment
Discounts -
|
can only be availed if all the required documents are submitted upon official reservation |
|
entitled to a pre-selling discount of php 40,000. |
|
only reservations with receipt issued by the company will be considered official |
Deferred Cash
Day Particulars Required Documents
First Day Temporary Reservation, TR TRA, CIS, CTC - xerox
Seventh Day Official Reservation, OR valid ID - xerox
proof of billing
signed CTS
deed of restrictions
MRI
marriage certificate - xerox
SPA, if applicable
PDC's for deferred payments
7th day from OR 25% of FCP
30th day from OR 25% of FCP
60th day from OR 25% of FCP
90th day from OR 25% of FCP
Note: All checks issued as payment shall indicate at the back hereon;
Buyers name
Project name
Block and Lot number
Type of payment
Discounts -
|
can only be availed if all the required documents are submitted upon official reservation |
|
entitled to a pre-selling discount of php 40,000. |
|
only reservations with receipt issued by the company will be considered official |
Spot Cash
Day Particulars Required Documents
First Day Temporary Reservation TRA, CIS, CTC - xerox
Seventh Day Official Reservation, OR valid ID - xerox
Payment of full amount proof of billing
signed CTS
deed of restrictions
MRI
Marriage certificate - xerox
SPA, if applicable
Note: All checks issued as payment shall indicate at the back hereon;
Buyers name
Project name
Block and Lot number
Type of payment
Discounts -
|
can only be availed if all the required documents are submitted upon official reservation |
|
entitled to a pre-selling discount of php 40,000. |
|
only reservations with receipt issued by the company will be considered official |
Down payment and monthly amortization due date
Reservation Date DP and MA due date
1st to 10th 7th day of the succeeding month
11th to 17th 14th day of the succeeding month
18th to 24th 21st day of the succeeding month
25th to 31st 28th day of the succeeding month
Sample Computations:
Interest=18% fixed for the first 5 years., term=10years, amort. factor= .01801852
for term= 7years, amort. factor=.021017837
for term= 5years, amort. factor=.025393
Installment Down payment - House and Lot
| House Models | Arriane | Charlene | Elaine | Regine |
| Lot area | 63sq.m | 75sq.m | 75sq.m | 102 sq.m |
| Floor Area | 25 sq.m | 30sq.m | 48sq.m | 36 sq.m |
| Reservation Fee, RF | 10,000 | 10,000 | 10,000 | 10,000 |
| Total Contract Price, TCP | 557,600 | 680,000 | 890,000 | 885,000 |
| Less: Pre-selling discount | 40,000 | 40,000 | 40,000 | 40,000 |
| Net Total Contract Price, NTCP | 517,600 | 640,000 | 850,000 | 845,000 |
| 20% Down payment, 8 mos. to pay | 103,520 | 128,000 | 170,000 | 169,000 |
| Monthly Down payment | 12,940 | 16,000 | 21,250 | 21,125 |
| Remaining Balance | 414,080 | 512,000 | 680,000 | 676,000 |
| Monthly Amortization | 7,461.11 | 9,225.48 | 12,252.59 | 12,186.29 |
| Mortgage Redemption Insurance, MRI | 179.33 | |||
| Fire Insurance, FI | 99.77 | |||
| Mo. Amort. Fixed for the first 5 yrs. | 7,740.21 |
Spot Down payment - House & Lot - 8% discount off from NTCP
| House Models | Arriane | Charlene | Elaine | Regine |
| Lot Area | 63sq.m | 75sq.m | 75sq.m | 102sq.m |
| Floor Area | 25 sq.m | 30sq.m | 48sq.m | 36sq.m |
| Reservation Fee, RF | 10,000 | 10,000 | 10,000 | 10,000 |
| Total Contract Price, TCP | 557,600 | 680,000 | 890,000 | 885,000 |
| Less: pre-selling discount | 40,000 | 40,000 | 40,000 | 40,000 |
| Net Total Contract Price, NTCP | 517,000 | 640,000 | 850,000 | 845,000 |
| Spot DP discount, 8% | 41,460 | 51,200 | 68,000 | 67,600 |
| Final Contract Price, FCP | 475,640 | 588,800 | 782,000 | 777,400 |
| Less: Spot DP, 20% | 95,128 | 117,760 | 156,400 | 155,480 |
| Remaining Balance | 380,512 | 471,040 | 625,600 | 621,920 |
| Monthly Amortization | 6,856.26 | 8,487.44 | 11,272.39 | 11,206.08 |
| Mortgage Redemption Insurance, MRI | ||||
| Fire Insurance, FI | ||||
| Total Mo. amort. fixed for the 1st 5 yrs. |
Deferred Cash - House and Lot - 5% discount off from NTCP - 4 months to pay
| House Models | Arriane | Charlene | Elaine | Regine |
| Temporary Resevation Fee, TRF | 3,000 | 3,000 | 3,000 | 3,000 |
| Official reservation Fee, ORF | 7,000 | 7,000 | 7,000 | 7,000 |
| Total Contract Price, TCP | 557,600 | 680,000 | 890,000 | 885,000 |
| Less: pre-selling discount | 40,000 | 40,000 | 40,000 | 40,000 |
| Net Total Contract Price, NTCP | 517,000 | 640,000 | 850,000 | 845,000 |
| Less:5% discount | 25,850 | 32,000 | 42,500 | 42,250 |
| Final Contract Price, 4 equal payments | 491,150 | 608,000 | 807,500 | 802,750 |
| 25% on the 7th day from date of OR | 122,787.50 | 152,000 | 201,875 | 200,687.50 |
| 25% on the 30th day from date of OR | 122,787.50 | 152,000 | 201,875 | 200,687.50 |
| 25% on the 60th day from date of OR | 122,787.50 | 152,000 | 201,875 | 200,687.50 |
| 25% on the 90th day from date of OR | 122,787.50 | 152,000 | 201,875 | 200,687.50 |
Spot Cash - House and Lot - 12% discount off from NTCP
| House Models | Arriane | Charlene | Elaine | Regine |
| Temporary Reservation Fee, TRF | 3,000 | 3,000 | 3,000 | 3,000 |
| Official Reservation Fee, ORF | 7,000 | 7,000 | 7,000 | 7,000 |
| Total Contract Price | 557,000 | 680,000 | 890,000 | 885,000 |
| Less: pre-selling discount | 40,000 | 40,000 | 40,000 | 40,000 |
| Net Total Contract Price, NTCP | 517,000 | 640,000 | 850,000 | 845,000 |
| Less: 12% discount | 62,040 | 76,800 | 102,000 | 101,400 |
| Final Contract Price, FCP | 454,960 | 563,200 | 748,000 |
743,600 |
_________________________________________________________________________
Your Home Broker - Metrowide Realty c/o Edison Teng
mail to: eddieteng@eastern.com.ph or eddietengph@hotmail.com