PHASE 1:                Prices

• Phase 1 includes 8 units.

• Phase 1 prices are effective until March 31, 2011

• Non-escalation    clause effective  to March 31, 2011                      

Model                                                                             Lot                          Building                           Total

Model # “A” 2BR/1BA,     1,136 sq ft                  J$2.3M                   J$7.6M                        J$9.M

                Lot size: 7,534 sq ft                                 US$27,200            US$90,476                  US$117,676

                                                                                    UKP17,700           UKP58,462                   UKP76,162 

                                                                                   CA$28,750         CA$95,000                                                                     

Model# “B”   3BR/2BA,     1,488 sq ft                     J$2.3M                  J$10.6M                       J$12.9M

                     Lot size: 7,534 sq ft                             US$27,200            US$126,190                 US$156,390

                                                                                     UKP 17,700          UKP81,540                   UKP 76,162                                                                                     

                                                                                     CA$28,750            CA$132,500                CA$161,250

Model # “1” 2BR/2BA/Garage, 1,379 sq ft       J$2.3M                   J$10.2M                         J$12.5M

                   Lot size: 7,534 sq ft                             US$27,200              US$121,600                  US$148,800

                                                                                  UKP17,700             UKP78,461                  UKP96,161                                                            

                                                                                   CA$28,750              CA$ 127,500                CA$156,250

Model # “2”:  3BR/2BA/Garage/Patio/Laundry  J$2.3M                   J$14.4M                        J$16.7M

                   1,849 sq ft, Lot  size 7,534 sq ft         US$27,200               US$171,000                 US$198,200

                                                                                    UKP17,770          UKP110,769               UKP128,469  

                                                                                    CA$28,750              CA$180,000                    CA$208,750

Model #“2A”  3BR/2BA/Garage, 1,679 sq ft      J$2.3M                        J$12.8M                      J$15.1M

                      Lot size: 7,534 sq ft                            US$27,200                 US$153,000                US$180,200

                                                                                    UKP 17,700                UKP 98,462                 UKP116,162

                                                                                    CA$28,750                 CA$160,000                 CA$188,750

Model # “3” 3BR/2.5BA/Garage, 2239 sq ft       J$3M                        J$17.1M                        J$20.1M               

                 Lot size: 8,000+ sq ft                                   US$35,700              US$204,300          US$240,000

                                                                                       UKP23,077                                         

                                                                                       CA$37,500             CA$213,750                   CA$251,250

Model # “4” 4BR/3.5BA/garage, 2,650 sq ft         J$3M                      J$20.2M                       J$23.2M

                  Lot size: 8,000+ sq ft                                  US$35,700            US$240,000                  US$275,700

                                                                                         UKP23,077           UKP155,385                  UKP 178,462    

                                                                                        CA$37,500            CA$252,500                   CA$290,000

Model#  “5”  4BR/3.5BA/Garage,2story,              J$3M                   J$22.7                              J$25.7M

              3,013 sq ft,   Lot size: 8,000+ sq ft              US$35,700          US$270,000                    US$305,700

                                                                                        UKP23,077          UKP 174,615                  UKP197,692                                                                                                                            

                                                                                        CA$37,500           CA$283,750                  CA$321,250

Home Owner’s Fee:

First Month’s Maintenance                                      US$80

Contribution to Emergency Funds                          US$120

Financing the Purchase of a Home

Obtaining a Mortgage:

NHT Mortgage Calculator Calculator Results Income before tax: $ WeeklyFortnightlyMonthlyYearly Interest Rate: Percent (%) Years to repay loan: Year of Birth: (e.g. 1999) Are you now contributing to the NHT? Yes No For how long have you been making NHT contributions? Under a year Over a year 10 years and over Are you a Public Sector Worker? Yes No Is your name on a title for a house in Jamaica? Yes No Are you certified by the Jamaica Council for the Persons with Disabilities? Yes No Have you already received a loan from the NHT? Yes No What was the loan? [ -------------Select One-------------]Build On Own LandConstructionHome ImprovementOpen MarketScheme UnitSolar PanelServiced LotHouse LotSolar Water Heater How much did you borrow? $ In what year was this loan received?(e.g. 1999) What is your monthly mortgage payment? $ CALCULATE Your income of can afford:   Estimated Loan Amount: If you need results from an NHT calculator click here. Interest Rate: Monthly Payment: Number of Monthly Payments: Debt Service Ratio: These figures are estimates. Contact your mortgage provider for details. Print this page Results Your income of can afford: Loan Types Amount (JA $) Max Term (years) Interest Rate (%) Monthly Repayment (JA $) Scheme 3,500,000 25 4 16,500.09 Serviced Lot 1,500,000 25 6 20,001.50 Construction 1 3,500,000 25 2 15,420.08 Open Market 3,500,000 25 8 14,005.00 Joint Finance Mortgage 2 3,500,000 25 6 21,000.21 Solar Water Heater 100,000 5 4 4,200.11 This calculation is based on the special interest rates applicable to Public Sector Workers until March 31, 2013.   Notes These figures are only estimates. Your NHT office will provide you with details. The NHT is not making an offer for a loan based on the results of this calculator. Monthly repayment includes peril and life insurance where applicable. For Open Market purchases, the affordability and monthly payments are subject to a further change, as the insurance amount stated in the valuation report is a key factor in determining one's affordable basic and monthly mortgage. Before approaching the NHT for a loan, you must have made at least 52 weekly contributions, 13 of which should have been made in the last 26 weeks immediately preceding the application date. MAKE CHANGES START OVER Please Wait. The Calculator is Working.

© 2010 National Housing Trust Corporate Office: 4 Park Boulevard, Kingston 5, Jamaica W.I. | Phone: 876-929-6500-9

WORKING FIELDS HIDDEN FROM USER BUT VISIBLE TO BROWSER.
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Interest Rate after Reduction for Public Sector Workers. Reduced Interest rate used to calculate monthly payment. Affordability calculated based on interest rate from income band table. [publicSectorWorkerReducedInterest ]
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Current Year [currentYear]
Life Insurance Rate
Peril Insurance Rate
Peril Insurance Rate 2 %
RETRIEVE BENEFIT TYPE DATA
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Max Amount . Ceiling for home owner[amount_ho]
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RULE FOR (Benefit Type) :
Owns House?
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 The Meadows @ Swansea has been pre-approved by the Jamaica

    National Building Society (JNBS) for mortgages.  

      Individuals interested in obtaining a mortgage through JNBS or any

    financial institution are advised to seek pre-approval prior to

    committing to a contract.   

    Click on link below to access JNBSwebsite:

     http://jnbs.com/dynaweb.dti?dynasection=mortgage&dynapage