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The Erin Heights: Payment Terms and Sample Computation
The Erin Heights offers flexible payment terms to accommodate various buyer preferences, with a regular down payment option of 30%. Additionally, a promotional term is available, allowing for a 15% down payment, with the balance payable through various financing options. This setup ensures that both end-users and investors can find suitable payment arrangements to secure their new home.
C – Erin 2929 – STUDIO – 28.50 SQM
List Price: 5,418,000.00
RFO Date: October 2027
Select your Down Payment: 12%
Number of Months to Pay: 30 Months5% DOWN PAYMENT, 88% BANK FINANCING
List Price: 5,418,000.00
Special Discount 2.0%: 127,300.00
Net: 5,418,000.00
Regular Discount 0.0%: 0.00
Net: 5,418,000.00
Additional Discount 1.0%: 54,180.00
Total Contract Price: 5,363,820.00
Closing Fee 10.5%: 563,201.10
Total with Closing Fee: 5,927,021.10DOWN PAYMENT FOR 30 MONTHS
Downpayment 12.0%: 643,658.40
Less: Reservation Fee: 20,000.00
Net Downpayment: 623,658.40
Monthly Downpayment (30 Months): 20,788.61 MonthlyBALANCE – BANK FINANCING
Balance 88.0%: 4,720,161.60
Closing Fee (CF): 563,201.10
Total Balance + CF: 5,283,362.70MONTHLY AMORTIZATION
10 Years (7.0% Rate): 61,344.32 Monthly
15 Years (7.0% Rate): 47,488.36 Monthly
20 Years (7.0% Rate): 40,961.85 Monthly0 Likes0 Replies