DMCI Homes The Erin Heights Commonwealth QC Condo

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  • The Erin Heights: Payment Terms and Sample Computation
    Maica Castillo
    in DMCI Homes The Erin Heights General Information
    Posted Mar 14, 01:17 AM

    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 Months

    5% 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: 5,927,021.10

    DOWN 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 Monthly

    BALANCE – BANK FINANCING

    Balance 88.0%: 4,720,161.60
    Closing Fee (CF): 563,201.10
    Total Balance + CF: 5,283,362.70

    MONTHLY 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 Monthly

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