Comparative figures MB-Efas VS Traditional funding sources

Table A
Actual Actual
Name of Amount for amount of Amount Amount Amount cost of Interest
Lender housing at proceeds paid by paid by paid by Housing charges
value stated released @ borrower borrower on borrower project to on per
bellow 20% equity on a 10 a 20 Year on a 25 borrower annum
required Year loan loan term Year loan at end of basis
term term term

MB-EFAS P 2.0 M P 2.0M -- P 1.6 M -- P 1.6 M 12%

Traditional P 2.0 M P 1.8M* -- -- P 4.5M P 4.5 M 9%

Co. Coops

Traditional P 2.0 M P 1.6 M P3.36M P5.12M -- P 3.36 M 11%

Banks for 10
year
term;
P 5.12 M
for 20
year term
n.b. * discounted proceeds during release

Table B
Total Amount Total Actual cost of
Name of Housing Net Price of Equity paid by Amount Housing Interest
Lender unit price Housing unit required borrower on paid by project to charges
approx. a 10 year borrower borrower at on per
(20%) loan term on a 20 end of term annum
year loan (20 years/ or basis
term for 10*
years)

MB-EFAS 1,589,568.5 1,405,611,65 300,000** 1,686,720* 3,374,000 973,680 12%

p.a.
281,000
equity 1,349,400* 1,873,880* -do-
payment
With
equity -- 2,698,800 298,800 -do-
payment:
281,000
Traditional
bank (1) 1,589,568.5 1,405,611,65 584,961 1,449,814.80 2,034,775.80 9.5%
p.a.
n.b. * 10 year term payment: final cost of house is P749,400 + P524,480 <balloon payment> =
P1,873,880
** Deposited at buyer’s EFAS account for extent of program. It earns eight times (8x) in
20 years/double (2x) in 10 years