Investment Goals

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Payment Options and Computations - Gold Residences 

To address my client's query effectively, we'll perform two separate computations:

1. Calculate when the 20% down payment will be completed and how much she would have paid by August 2025 if she continues paying past the 20% mark.

2. Calculate how much she would have in cash if she stops paying after the 20% down payment is completed and saves that money until August 2025.

Let's begin with the first part:

1. Continuing Payment Past 20%

- **Total Cost of Unit:** PHP 10.5 million

- **20% Down Payment:** 20% of PHP 10.5 million

- **Start Date of Down Payment:** February 2020

- **Supposed Turnover Date:** September 2024

- **New Delayed Turnover Date:** August 2025

We need to calculate:

- When the 20% down payment is completed.

- Total amount paid by August 2025 if she continues to pay.

Let's do these calculations.

We checked the calculation from the beginning to ensure accuracy. Let's calculate the completion date of the 20% down payment and the total amount paid by August 2025 if she continues the down payment past the 20% mark.

The calculations reveal:

1. The 20% down payment will be completed by **September 1, 2024**.

2. If she continues paying past the 20% mark until the delayed turnover in August 2025, she will have paid a total of approximately **PHP 2,518,996** by then.

Now, let's move on to the second scenario:

2. Stopping Payment After 20% and Saving the Money

In this scenario, we'll calculate how much cash my client would have on hand if she stops the down payment after reaching 20% and saves the money she would otherwise continue paying, from September 2024 to August 2025. Let's compute this next.

If my client decides to stop paying after completing the 20% down payment and instead saves that money from September 2024 to August 2025, she would have approximately **PHP 418,996** on hand by August 2025.

To summarize:

- Continuing to pay past the 20% mark until August 2025 would result in a total payment of around PHP 2,518,996.

- Stopping payments after the 20% down payment and saving the money would result in having around PHP 418,996 in cash savings by August 2025.

The decision between these two options would depend on her financial goals and circumstances. The first option allows her to pay more towards the property, potentially reducing future loan amounts, while the second option provides liquidity and savings during the delay period.

From the desk of Jeffréy Araña