ALCOVE RIDGECREST
MOLINO BACOOR,CAVITE PHILIPPINES Ridge Crest is a prime residential subdivision located right beside SM Molino in Bacoor, Cavite, that offers American-inspired homes and promises a haven for homeowners through its recreational amenities where residents can rest, relax and revitalize after a long day’s work.
The house model is an 80-square meter unit on a 110-square meter lot, with four bedrooms, three toilets and bath, a living and dining area, a kitchen, a multi-purpose area, a service area, a balcony and a carport .
From an initial area of about six hectares comprised of around 387 housing units, the project is now being expanded in response to the increased market demand for its product offering which is priced at less then two million pesos.
Given the project’s design, location, facilities, land development, and elegant housing units, Ridge Crest can rightfully claim to being a place where homeowners can elevate their quality of life and live the lifestyle they have always dreamed of.
Amenities and Facilities
Clubhouse
Swimming Pool
Multi-Purpose Court
Park/Children’s Playground
Jogging Path
Elevated Water Tank
24-Hour Security
House Features:
Floor Area: 110 sq. m.
Lot Area: 80 sq. m.
Three (3) Storey
Four (4) Bedrooms
Three (3) Toilet & Bath
Living Area
Dining Area
Kitchen
Multi-Purpose Area
Service Area
Balcony
Carport
House Finishes:
Painted Exterior/Interior Walls
Tiled Toilet & Bath
Tiled Kitchen Counter with Stainless Kitchen Sink
Powder Coated Cathedral Window
Decorative Accent Stones
Provision for CATV, Telephone and Air-Conditioning Units
PAYMENT OPTION 1
SAMPLE COMPUTATION - BANK FINANCING
( LOCATION: Summit @ Phase 2 - )
Selling Price.............Php 2,136,000.00
20% Required downpayment........427,200.00
Less: Resevation.................30,000.00
Net downpayment.................397,200.00
Payable in 18 months without interest
Monthly Downpayment in 18 mos....22,066.67
80% Balance...................1,708,800.00
Add: Processing fee.............170,880.00
Total Balance Loanable to Bank.1,879,680.00
Bank Financing Monthly Amortization
5 yrs.....@ 10.5%................40,401.00
10 yrs...@ 10.5..................25,363.00
15 yrs...@ 10.5%.................20,777.00
20 yrs...@ 10.5%.................18,766.00
25 yrs...@ 10.5%.................17.747.00
PAYMENT OPTION 1
SAMPLE COMPUTATION - BANK FINANCING
LOCATION: Alcove @ Phase 1 -
Selling Price.............Php 2,460,000.00
20% Required downpayment........492,000.00
Less: Reservation................30,000.00
Net downpayment.................462,000.00
Payable in 18 months without interest
Monthly Downpayment in 18 mos....25,666.66
80%Balance....................1,968,000.00
Add: Processing fee.............196,800.00
Total Balance Loanable to Bank.2,164,800.00
Bank Financing Monthly Amortization
5 yrs.....@ 10.5%................46,529.99
10 yrs...@ 10.5..................29,210.72
15 yrs...@ 10.5%.................23,929.67
20 yrs...@ 10.5%.................21,604.94
25 yrs...@ 10.5%.................20,439.64
NOTE:
* Fire and MRI insurance not included.
* Processing Fees includes Transfer of Title.
* Prevailing interest rate will apply upon loan takeout.
* Bank terms for OFW is 15 yrs
PAYMENT OPTON 2
SAMPLE COMPUTATION - INHOUSE
( LOCATION: Summit @ Phase 2 -
Selling Price..............Php2,136,000.00
20% Required downpayment........427,200.00
Add: Processing fee..............96,120.00
Total Downpayment…….............523,320.00
Less: Reservation................30,000.00
Net downpayment.................493,320.00
(Payable in 18 mos without interest)
Monthly Downpayment in 18 mos....27,406.00
80% Balance...................1,708,800.00
Inhouse Financing Monthly Amortization
5 yrs @ 18%....................…43,392.29
10 yrs @ 21%....................34,164.32
PAYMENT OPTON 2
SAMPLE COMPUTATION - INHOUSE
LOCATION: Alcove @ Phase 1 -
Selling Price...............Php2,460,000.00
20% Required downpayment.........492,000.00
Add: Processing fee..............110,700.00
Total Downpayment……..............602,700.00
Less: Reservation.................30,000.00
Net downpayment..................572,700.00
(Payable in 18 mos without interest)
Monthly Downpayment in 18 mos.....31,816.66
80% Balance....................1,968,000.00
Inhouse Financing Monthly Amortization
5 yrs @ 18%......................…49,974.26
10 yrs @ 21%......................39,346.55
SAMPLE COMPUTATION - DEFERRED CASH
(Pay in 24 months with NO interest)
Selling Price..........................Php2,460,000.00
Add: Processing Fees................110,700.00
Total Contract Price..............2,570,700.00
Less: Reservation....................30,000.00
Net Total Contract Price..........2,540,700.00
MONTHLY PAYMENT FOR 24 MONTHS
24 monthly payment without interest............105,862.50
