SahodPH

Home Loan Calculator

Calculate your monthly amortization for Pag-IBIG housing loans or bank financing. Plan your dream home in the Philippines.

Loan Details

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Net Loan Amount₱0.00
Estimated Monthly Amortization₱0.00
Total Principal
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Total Interest
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Total Amount to Pay₱0.00
*computed based on diminishing balance

How Home Financing Actually Works Here

Buying property isn't just about spotting a pre-selling condo and handing over a reservation fee. Eventually, you have to pay the balance. In the Philippines, you get two main choices: Pag-IBIG or Bank Financing. This calculator shows you exactly what that monthly hit looks like. No sugarcoating. Just the raw numbers you need to see if that townhouse actually fits your paycheck.

Pag-IBIG vs. Bank Loans

Pag-IBIG Housing Loan

  • Who it's for: Buyers looking at affordable housing, or those who need stretched-out payment terms to keep monthly bills low.
  • The rates: Heavily subsidized. Minimum-wage earners can score rates as low as 3% p.a. Regular rates sit between 5.75% and 7.375% depending on how long you lock them in.
  • The timeline: You can drag this out for a massive 30 years. It shrinks your monthly payment, but you end up paying more interest over the lifespan of the loan.
  • The ceiling: Hard capped at ₱6,000,000.

Bank Financing

  • Who it's for: Buyers chasing higher-end developer projects. You want speed. You need to borrow more than the Pag-IBIG limit.
  • The rates: Cutthroat. Banks throw out promo rates around 6.25% to 8% for the first few years. Watch out for the repricing later. Your rate will jump.
  • The timeline: They cap you at 20 years. You pay it off faster, meaning less interest paid, but the monthly sting is heavier.
  • The ceiling: Scales with your income. If the bank thinks your salary can handle a ₱15M condo, they'll lend you the 80% to buy it.

Run Your Numbers

  1. Total Contract Price: The exact sticker price of that house, lot, or condo unit.
  2. Your Equity: Developers usually ask for 20% down. You pay this first out of pocket. The calculator handles the remaining 80% you need to borrow.
  3. The Rate: Type in the exact interest percentage your bank or Pag-IBIG quoted you.
  4. Years to Pay: How long you'll be chained to this loan. Usually 15, 20, or 30 years.

Before You Sign Anything

💡
Pre-approval saves your cash.Don't hand a developer ₱20,000 to "reserve" a unit unless you know a bank will actually lend you the millions you need. Reservation fees are non-refundable. If your loan gets denied, that money is gone forever.
⚠️
The hidden closing costs shock.You saved the 20% down payment. Great. Now find another 3% to 8% of the property value in cash. You have to pay for bank processing fees, title transfer taxes, documentary stamps, and mandatory fire insurance. Don't get caught empty-handed at turnover.

How is this calculated? (The Methodology)

Home loans in the Philippines use the Diminishing Balance Method. This means your monthly interest is calculated only on the remaining principal balance, not the original loan amount.

The formula we use for the monthly amortization is:
M = P [ i(1 + i)^n ] / [ (1 + i)^n - 1 ]
Where:
M = Total monthly payment
P = Principal loan amount (Total value minus down payment)
i = Monthly interest rate (Annual rate divided by 12)
n = Number of months (Years multiplied by 12)

Disclaimer & Methodology

The results provided by this calculator are estimates based on independent research. While we strive for accuracy, this tool should not be considered as a substitute for professional financial or tax advice. Please consult with a certified professional (such as a CPA or financial advisor) before making any major financial decisions.

Our calculations are based on the following laws and guidelines:
  • HDMF Circular No. 312 (Pag-IBIG Housing Loan)
  • BSP Circulars on Real Estate Loans
Found an issue? We continuously update our tools. If you spot an error or have feedback, please report a bug.