OCEAN COVE SAMPLE COMPUTATION
	Price quoted as of March 13, 2008 until further notice
	Block / Lot #		:
	PHASE		:	Perimeter WALL
	Lot Category		:	A	B	B	C
	Area in sqm		:	144	144	178	210
	Price per sqm (Php)		:	5,700.00	5,900.00	5,900.00	6,250.00
	Total List Price		:	820,800.00	849,600.00	1,050,200.00	1,312,500.00
	Registration (5%)		:	41,040.00	42,480.00	52,510.00	65,625.00
	E-VAT (12%)		:
			:	861,840.00	892,080.00	1,102,710.00	1,378,125.00
	Total contract Price		:	861,800.00	892,100.00	1,102,700.00	1,378,100.00
	SPOT CASH (upfront)
	Total List Price		:	820,800.00	849,600.00	1,050,200.00	1,312,500.00
	Less: 15% discount on 90% TLP		:	110,808.00	114,696.00	141,777.00	177,187.50
	Net Selling Price		:	709,992.00	734,904.00	908,423.00	1,135,312.50
	RF/EVAT		:	35,499.60	36,745.20	45,421.15	56,765.63
	New Total Contract Price		:	745,491.60	771,649.20	953,844.15	1,192,078.13
	New Total Contract Price		:	745,500.00	771,600.00	953,800.00	1,192,100.00
	Reservation		:	20,000.00	20,000.00	20,000.00	20,000.00
	90% spot cash payment		:	650,950.00	674,440.00	838,420.00	1,052,890.00
	10% Balance after 5 months		:	74,550.00	77,160.00	95,380.00	119,210.00
	SPOT CASH (in 30days)
	Total List Price		:	820,800.00	849,600.00	1,050,200.00	1,312,500.00
	Less: 8% discount on 90% TLP		:	59,097.60	61,171.20	75,614.40	94,500.00
	Net Selling Price		:	761,702.40	788,428.80	974,585.60	1,218,000.00
	RF/EVAT		:	38,085.12	39,421.44	48,729.28	60,900.00
	New Total Contract Price		:	799,787.52	827,850.24	1,023,314.88	1,278,900.00
	New Total Contract Price		:	799,800.00	827,900.00	1,023,300.00	1,278,900.00
	Reservation		:	20,000.00	20,000.00	20,000.00	20,000.00
	90% spot cash payment		:	699,820.00	725,110.00	900,970.00	1,131,010.00
	10% Balance after 5 months		:	79,980.00	82,790.00	102,330.00	127,890.00
	DEFERRED CASH (24 MONTHS, no DP, no interest)
	Total Contract Price		:	861,800.00	892,100.00	1,102,700.00	1,378,100.00
	Less Reservation		:	20,000.00	20,000.00	20,000.00	20,000.00
	Balance		:	841,800.00	872,100.00	1,082,700.00	1,358,100.00
	Monthly Installment in 24months, zero interest		:	35,075.00	36,337.50	45,112.50	56,587.50
	Monthly Insurance		:	378.81	392.45	482.22	611.15
	TERM PAYMENTS
	10% DP, payable in 12months
	Total Contract Price		:	861,800.00	892,100.00	1,102,700.00	1,378,100.00
	Less: Downpayment		:	86,180.00	89,210.00	110,270.00	137,810.00
	Balance for Downpayment		:	775,620.00	802,890.00	992,430.00	1,240,290.00
	Less: Reservation		:	20,000.00	20,000.00	20,000.00	20,000.00
	Downpayment in 12 months			5,515.00	5,767.50	7,522.50	9,817.50
	90% balance payable in the ff.			775,620.00	802,890.00	992,430.00	1,240,290.00
	3 years @ 16% pa
	Monthly Ammortization			27,268.50	28,227.23	34,890.89	43,604.92
	Monthly Insurance			1,092.33	1,130.74	1,397.67	1,746.74
	5 years @ 18% pa
	Monthly Ammortization			19,695.65	20,388.13	25,201.20	31,495.21
	Monthly Insurance			1,092.33	1,130.74	1,397.67	1,746.74
	7 years @ 20% pa
	Monthly Ammortization			17,223.57	17,829.14	22,038.10	27,542.13
	Monthly Insurance			1,092.33	1,130.74	1,397.67	1,746.74
	10 years @ 22% pa
	Monthly Ammortization			16,031.82	16,595.49	20,513.22	25,636.41
	Monthly Insurance			1,092.33	1,130.74	1,397.67	1,746.74
	-------------------------------------------------------------------------------------------------------------------------
	Note: Factor Rate Used
	# of YEARS
	3 years			0.0351570330	0.0351570330	0.0351570330	0.0351570330
	5 years			0.0253934274	0.0253934274	0.0253934274	0.0253934274
	7 years			0.0222061993	0.0222061993	0.0222061993	0.0222061993
	10 years			0.0206696880	0.0206696880	0.0206696880	0.0206696880
	Prepared by: Dinah Soja, 0928-5001254, atedhines@yahoo.com
	www.davaoestate.com