Rent to Own in Philippines

Colleen Model House Details:

Lot Area: 80 sqm. - Floor Area: 60 sqm.
House Type: Detached House

Room Dimensions:
Ground Floor:
Living Area/ Kitchen/ Dining: 25.76sqm
Toilet & Bath: 2.52

Second Floor:
Bedroom 1: 5.83 sqm - Bedroom 2: 7.57 sqm.
Master’s Bedroom: 14.58 sqm - Toilet: 3.47 sqm

House Features & Finishes:
3 Bedrooms with wall partition & ceiling & painted finish
2 Toilet & Bath w/tiles & complete set of bathroom fixtures
Kitchen counter with tile stainless kitchen sink
Plain cement floor finish only, sliding backdoor
Long Span G.1 sheet roofing, CATV, telephone, and A/C outlet
Painted plain cement finish for interior/exterior walls & 1 car garage

Sample Computation for Bank Financing
Total Contract Price : 1,861,920.00
Downpayment @ 12.5% : 232,740.00
Less: Reservation Fee: 20,000.00
Net Downpayment : 212,740.00
Equity for 15 months : 14,182.67
(Installment for 15 months, NO INTEREST)
Loanable Amount : 1,629,180.00

Monthly Amortization:
5 years : 35,353.52
10 years : 22,267.99
15 years : 18,245.51
20 years : 16,460.20


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