Free tool · Philippines
Memorial lot installment calculator.
Type the lot price, the down payment, the term and any discount or interest. Get the monthly payment, the schedule, and how much spot cash saves.
Calculator
Memorial lot installment calculator
Monthly payment
₱5,555.56
On a ₱250,000 memorial lot with 20% down over 36 months with no interest, the monthly payment is ₱5,555.56, and paying spot cash with a 10% discount saves ₱25,000.00.
| Price less 10% discount | ₱225,000.00 |
|---|---|
| Perpetual care | ₱15,000.00 |
| Total, spot cash | ₱240,000.00 |
| Down payment (20%) | ₱50,000.00 |
|---|---|
| Monthly payment × 36 | ₱5,555.56 |
| Interest over the term | ₱0.00 |
| Perpetual care | ₱15,000.00 |
| Total, installment | ₱265,000.00 |
| Spot cash saves | ₱25,000.00 |
| Month | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | ₱5,555.56 | ₱0.00 | ₱5,555.56 | ₱194,444.44 |
| 2 | ₱5,555.56 | ₱0.00 | ₱5,555.56 | ₱188,888.88 |
| 3 | ₱5,555.56 | ₱0.00 | ₱5,555.56 | ₱183,333.32 |
| 4 | ₱5,555.56 | ₱0.00 | ₱5,555.56 | ₱177,777.76 |
| 5 | ₱5,555.56 | ₱0.00 | ₱5,555.56 | ₱172,222.20 |
| 6 | ₱5,555.56 | ₱0.00 | ₱5,555.56 | ₱166,666.64 |
| 7 | ₱5,555.56 | ₱0.00 | ₱5,555.56 | ₱161,111.08 |
| 8 | ₱5,555.56 | ₱0.00 | ₱5,555.56 | ₱155,555.52 |
| 9 | ₱5,555.56 | ₱0.00 | ₱5,555.56 | ₱149,999.96 |
| 10 | ₱5,555.56 | ₱0.00 | ₱5,555.56 | ₱144,444.40 |
| 11 | ₱5,555.56 | ₱0.00 | ₱5,555.56 | ₱138,888.84 |
| 12 | ₱5,555.56 | ₱0.00 | ₱5,555.56 | ₱133,333.28 |
| 36 | ₱5,555.40 | ₱0.00 | ₱5,555.40 | ₱0.00 |
How it was worked out
- Spot cash. ₱250,000.00 − 10% = ₱225,000.00, plus ₱15,000.00 perpetual care = ₱240,000.00.
- Down payment and balance. 20% of ₱250,000.00 = ₱50,000.00 down, leaving ₱200,000.00 to pay over 36 months.
- Monthly payment. No interest: ₱200,000.00 ÷ 36 = ₱5,555.56 a month.
- Compare. Installment: ₱50,000.00 + ₱200,000.00 + ₱15,000.00 care = ₱265,000.00. Spot cash: ₱240,000.00. The difference is ₱25,000.00.
- If you miss payments. RA 6552 (the Maceda Law) gives buyers of real estate on installment a grace period and, after two years of payments, a refund of part of what was paid on cancellation. Ask the memorial park, or a lawyer, whether your lot contract is covered before relying on it. (Republic Act No. 6552, the Realty Installment Buyer Protection Act (Maceda Law))
- The schedule shows the first 12 months and the last. The last payment absorbs the rounding.
- Memorial parks often quote financing as a flat add-on rate rather than on the declining balance. Ask which, since a flat rate costs more.
- Interment fees, the marker, vault and opening and closing fees are not included.
Rates and rules as of November 8, 2026. A guide, not legal or tax advice.
Questions
Asked and answered.
Is it better to pay a memorial lot in cash or installment?
Spot cash usually costs less because of the discount and no financing. Installment spreads the cost, and at 0% interest the only cost is the lost spot-cash discount.
What is perpetual care in a memorial park?
It is a fee for the upkeep of the lot and the park grounds for as long as the park runs. Some parks charge it once and some every year.
What happens if I stop paying for a memorial lot?
It depends on the contract. RA 6552, the Maceda Law, protects buyers of real estate on installment with a grace period and a partial refund after two years of payments; ask the memorial park whether it applies to your lot.
How much is the down payment for a memorial lot?
Memorial parks set their own terms. A down payment of 10% to 20% of the lot price is common, with the balance over one to five years.
From Monte Cora
This is one figure Monte Cora works out for you.
Monte Cora is Tekhx's ready-made memorial park system for Philippine businesses. It does this, and everything around it, for every record, every day.