Housing Loan Calculator Philippines

Housing Loan Calculator Philippines (Pag-IBIG and Bank)

Planning to buy a house, condo or lot? Enter the property price, your down payment, the interest rate and the loan term to estimate your monthly amortization, the cash you need upfront and the total interest. Add your monthly income to see the largest loan your income supports and whether your target home fits.

How to use this calculator

Enter the property price and your planned down payment percentage.
Type the interest rate and the loan term from the offer you are considering.
Add the closing cost estimate and your monthly household income if you want an affordability check.
Read the monthly amortization, the cash needed upfront and the total interest.
Try a longer term, a bigger down payment or a lower rate to see how the payment moves.

What to know before taking a home loan in the Philippines

A home is usually the biggest purchase a Filipino family makes, and the monthly payment is only one part of the cost. The down payment, closing costs, insurance and repairs all need cash, and the loan runs for many years.

This calculator shows the amortization for any price, down payment, rate and term. It also estimates the cash you need before move-in and the income that supports the payment, which helps you set a realistic price range before you visit a model unit.

To test whether buying beats renting, use the rent vs buy calculator. For other borrowing, see the loan amortization calculator, and compare banks on the BDO and BPI pages.

How the housing loan estimate works

Loan amount equals the price minus your down payment.
Monthly amortization uses the standard diminishing balance formula with a monthly rate of the yearly rate divided by 12.
Upfront cash is the down payment plus an estimate of closing costs and fees.
The income needed is the monthly payment divided by the share of income you set, and the largest loan is the loan size that share of your income can repay over the term.

Tips to save more

Aim for a payment you can cover comfortably, not the maximum a lender allows.
Keep an emergency fund separate from your down payment.
Ask for a written list of every fee before you reserve a unit.
Compare at least two lenders, since small rate gaps add up over 20 years.

Frequently asked questions

How is a housing loan monthly payment computed?

The payment depends on the loan amount, the monthly interest rate and the number of months. This calculator uses the amortization formula that lenders use for a fixed rate, and the result excludes insurance and any rate change after repricing.

What interest rate should I use?

Use the rate in your offer. Pag-IBIG and banks set rates by loan size and by how long the rate is fixed, and rates change, so the example value is only a placeholder.

How much income do I need for a housing loan?

Lenders commonly want the monthly payment to stay near a third of household income. The calculator divides your payment by the share you enter to show the income that fits.

What cash do I need besides the down payment?

Expect closing costs such as taxes, registration, notarial and processing fees, and sometimes insurance. A rough 5 to 8 percent of the price is a common planning figure, so confirm with the seller or lender.

Does a longer term make the loan cheaper?

It lowers the monthly payment but increases the total interest. Compare terms and consider extra payments when your budget allows.

Helpful guides and deals

Related brand pages

More free tools

Rent vs Buy Calculator Philippines Compare the real cost of renting and buying a home Loan Amortization Calculator Monthly payment, total interest and a payment schedule 50/30/20 Payday Budget Planner Split your pay into needs, wants and savings

This calculator gives estimates for planning only. It is not financial, tax or legal advice. Confirm exact figures with your employer, bank, lender or the relevant government agency.