PesoHub

Home Loan Calculator Philippines

Estimate your monthly housing loan payment for properties in the Philippines. Enter the property price, down payment, loan term in years, and interest rate to see the full amortization schedule. Works for Pag-IBIG Fund and bank housing loans.

Updated March 1, 2025

Home Loan Calculator

Monthly Payment

₱21,708.37

Principal
Interest
Down Payment₱700,000.00
Loan Amount₱2,800,000.00
Total Interest₱2,410,008.90
Total Cost₱5,910,008.90

Total price of the property

Typical PH requirement: 10-20%

5 to 30 years

Pag-IBIG: ~5.375% | Banks: ~6.5-9%

Amortization Schedule

MonthPaymentPrincipalInterestBalance
1₱21,708.37₱5,375.04₱16,333.33₱2,794,624.96
2₱21,708.37₱5,406.39₱16,301.98₱2,789,218.57
3₱21,708.37₱5,437.93₱16,270.44₱2,783,780.64
4₱21,708.37₱5,469.65₱16,238.72₱2,778,310.99
5₱21,708.37₱5,501.56₱16,206.81₱2,772,809.44
6₱21,708.37₱5,533.65₱16,174.72₱2,767,275.79
7₱21,708.37₱5,565.93₱16,142.44₱2,761,709.86
8₱21,708.37₱5,598.40₱16,109.97₱2,756,111.47
9₱21,708.37₱5,631.05₱16,077.32₱2,750,480.41
10₱21,708.37₱5,663.90₱16,044.47₱2,744,816.51
11₱21,708.37₱5,696.94₱16,011.43₱2,739,119.57
12₱21,708.37₱5,730.17₱15,978.20₱2,733,389.40

How Is Your Home Loan Payment Calculated?

Monthly Payment = P x [r(1+r)^n] / [(1+r)^n - 1], where P is the loan amount (property price minus down payment), r is the monthly interest rate (annual rate / 12 / 100), and n is the total number of monthly payments (years x 12). Pag-IBIG Fund uses a fixed interest rate for the first 3 years, then reprices every 3 years. Bank housing loans may use fixed rates for 1-5 years before switching to variable rates.

Example Calculation

You purchase a house and lot worth PHP 3,500,000 with a 20% down payment, financed over 20 years at 7% annual interest.

  • Down Payment: 20% of ₱3,500,000 = ₱700,000
  • Loan Amount: ₱3,500,000 - ₱700,000 = ₱2,800,000
  • Loan Term: 20 years = 240 months
  • Monthly Payment: ≈ ₱21,709
  • Total Interest over 20 years: ≈ ₱2,410,160
  • Total Cost (down payment + all payments): ≈ ₱5,910,160

Tips for Getting a Home Loan in the Philippines

  • Consider Pag-IBIG Fund housing loans for lower interest rates (as low as 5.375% for loans up to PHP 6 million) -- you must be an active Pag-IBIG member with at least 24 monthly contributions.
  • Save for a higher down payment. Philippine banks generally require 10-20% down, but putting 20% or more reduces your monthly payment and may qualify you for a lower interest rate.
  • Check if the developer offers in-house financing for the down payment period, then refinance to a bank or Pag-IBIG loan for the balance at a lower long-term rate.
  • Budget for closing costs including transfer tax (0.5-0.75% of property price), documentary stamp tax (1.5%), registration fees, and notarial fees, which can total 5-8% of the property price.

Frequently Asked Questions

This tool is for informational purposes only and should not be considered financial advice. Actual amounts may vary based on your specific situation, lender policies, and current rates. Always consult with a qualified financial professional before making financial decisions.