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  • Flexible Payment Options at Fortis Residences
    Maica Castillo
    in Fortis Residences General Information
    Posted Mar 13, 05:38 AM

    At Fortis Residences, we offer a variety of payment terms designed to accommodate your financial planning, ensuring a smooth journey towards owning your dream home in Makati. Whether you prefer to make a larger down payment for a smaller monthly figure or spread your payments more evenly, we have an option that will suit your needs.

    30% Total Downpayment (DP), Balance Through Bank Financing/Cash

    Option 1: Standard Plan
    5% Spot Downpayment:
     Make an initial spot payment to secure your unit.
    25% Through Remaining DP Period: Manage your finances with ease by spreading the rest of your downpayment over the DP period.

    Option 2: Extended Balanced Plan
    5% Spread Over 6 Months:
     Begin your payments gently with a 5% downpayment spread over six months.
    25% Through Remaining DP: Ease into full ownership with comfortable monthly payments for the rest of your downpayment.

    PAYMENT TERMS AND COMPUTATION

    C – Fortis 317 – 1BR – 55.50 SQM

    List Price: 13,832,000.00
    RFO Date: Dec-2027
    Select your Down Payment: 20%
    Number of Months to Pay: 32 Months

    20% DP, 80% Bank Financing

    List Price: 13,832,000.00
    Special Discount 0.0%: 0.00
    Net: 13,832,000.00
    Regular Discount 0.0%: 0.00
    Net: 13,832,000.00
    Additional Discount 0.0%: 0.00
    Total Contract Price: 13,832,000.00
    Closing Fee 10.5%: 1,452,360.00
    Total with Closing Fee: 15,284,360.00

    DOWN PAYMENT FOR 32 MONTHS

    Down payment 20.0%: 2,766,400.00
    Less: Reservation Fee: 50,000.00
    Net Downpayment: 2,716,400.00
    Monthly Downpayment (32 Months): 84,887.50 Monthly

    BALANCE – BANK FINANCING

    Balance 80.0%: 11,065,600.00
    Closing Fee (CF): 1,452,360.00
    Total Balance + CF: 12,517,960.00

    MONTHLY AMORTIZATION

    10 Years (7.0% Rate): 145,344.13 Monthly
    15 Years (7.0% Rate): 112,514.96 Monthly
    20 Years (7.0% Rate): 97,051.61 Monthly

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