Bf City Homes 2-Model House 2 Scheme:

The most recent update for Bf City Homes2 Cebu, a lowcost housing project of this year located at the center proper of Cebu City. It is indeed cheap and  affordable house and lot for sale in Cebu that could be found only herein the actual website for Bf City Homes 2 subdivision with the category of lowcost to economic level.
Ultimately it’s a one of kind developments throughout Cebu City area with such amazing very low price of real estate property. Imagine when living a home right along with the public transportation, your day to day lives would feel very convenient and comfortable.

Model House 2 Scheme: ( High ceiling finished unit ready for 2 storey )
1-Storey, 2 Bedroom, 1 Comfort Rooms
Lot Area: 40 sq. m.
Ground Floor Area: 27 sq. m. excluding the area of kitchen and bathroom.
Proposed Second Floor Area: 30.5 sq.m.

Total Contract Price: Php 1,620,000.00
Reservation Fee: 10,000.00

Terms of Payment: Sample Computation
BANK FINANCING
20% Equity/Downpayment: 324,000.00
Less Reservation Fee:         10,000.00
314,000.00
Plus Misc. Fee                 100,000.00
Net Equity/Downpayment:  414,000.00 ( 30 months to pay 0 interest )
30 months to pay: 13,800.00/month

80% Principal Balance: 1,296,000.00 ( Bank of Commerce rate @ 5.25% per annum fixed for one year only )
20 years to pay = 8,733.02/mo. ( Couple net income required is 29,110.00/mo.; age limit less than 45 years old )
15 years to pay = 10,418.26/mo.  ( Couple gross income required is 34,726.70/mo.; age limit less than 50 years old )

PAG-IBIG FINANCING
Total Contract Price: Php 1,620,000.00
Reservation Fee: 10,000.00

Equity/Downpayment:         720,000.00
Less Reservation Fee:          10,000.00
710,000.00
Plus Misc. Fee                  100,000.00
Net Equity/Downpayment:  810,000.00 ( 30 months to pay 0 interest )
30 months to pay: 27,000.00/month

Principal Balance: 900,000.00 ( PAG-BIG rate @ 6.985 % per annum fixed for three years )
30 years to pay = 5,978.66/mo. ( Couple gross income required is 17,000.00/mo.; age limit less than 45 years old )
25 years to pay = 6,352.40/mo.  ( Couple gross income required is 18,148.00/mo.; age limit less than 50 years old )
20 years to pay =  6,969.59/mo. ( Couple gross income required is 19,911.00/mo.; age limit less than 55 years old )

IN-HOUSE FINANCING (Direct payment to the subdivision owner)
Total Contract Price: Php 1,620,000.00
Less Reservation Fee:         10,000.00
1,610,000.00
30% Downpayment:  483,000.00 ( 30 months to pay 0 interest )
30 months to pay: 16,100.00/month

70% Balance: 1,134,000.00 Plus Misc. Fee 100,000.00 ( 5 years to pay )
*5 years to pay = 35,499.67/mo.

NOTE: Ammortizations above are exclusive of Mortgage Redemption and Fire Insurances.