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Loans and finance

Home Loan Calculator

Monthly amortization for a house or condo, and the income you’ll need.

Your numbers

Sample numbers are filled in. Tap a box and type yours.

From your bank or Pag-IBIG, per year
Lenders commonly allow 30% to 40%

Results update as you type. Calculate takes you to your result.

Home loan

Monthly payment₱20,876.05For 20 years. Lenders would look for about ₱59,645.86 gross income a month.

Down payment
₱700,000.00
Loan amount
₱2,800,000.00
Monthly payment
₱20,876.05
Total interest
₱2,210,250.95
Total paid for the home
₱5,710,250.95
Gross income needed (35% rule)
₱59,645.86

An estimate from the numbers you enter. How it’s computed · Change your numbers

Monthly payment₱20,876.05
Loan balance by year
YearPrincipal paidInterest paidBalance
1₱70,591.00₱179,921.60₱2,729,409.00
2₱75,318.62₱175,193.98₱2,654,090.38
3₱80,362.84₱170,149.76₱2,573,727.54
4₱85,744.90₱164,767.70₱2,487,982.64
5₱91,487.40₱159,025.20₱2,396,495.24
6₱97,614.48₱152,898.12₱2,298,880.76
7₱104,151.90₱146,360.70₱2,194,728.86
8₱111,127.15₱139,385.45₱2,083,601.71
9₱118,569.54₱131,943.06₱1,965,032.17
10₱126,510.36₱124,002.24₱1,838,521.81
11₱134,982.97₱115,529.63₱1,703,538.84
12₱144,023.03₱106,489.57₱1,559,515.81
13₱153,668.52₱96,844.08₱1,405,847.29
14₱163,959.99₱86,552.61₱1,241,887.30
15₱174,940.71₱75,571.89₱1,066,946.59
16₱186,656.81₱63,855.79₱880,289.78
17₱199,157.56₱51,355.04₱681,132.22
18₱212,495.52₱38,017.08₱468,636.70
19₱226,726.72₱23,785.88₱241,909.98
20₱241,909.98₱8,601.57₱0.00

How to use this calculator

  1. Enter the price, your down payment, the term, and the rate your bank or Pag-IBIG quoted.
  2. Check the income needed, then the yearly table below to see how fast the balance drops.

How it’s computed

Monthly amortization = P × r ÷ (1 − (1 + r)−n), where P is the loan amount, r the yearly rate ÷ 12, and n the number of months.

Income needed = amortization ÷ the allowed share of income.

Example

A ₱3,500,000.00 home with 20% down, 20 years at 6.5%:

  • Loan amount ₱2,800,000.00; monthly amortization ₱20,876.05.
  • Total interest over 20 years: ₱2,210,250.95.
  • At 35%, lenders would look for about ₱59,645.86 gross income a month.

Frequently asked questions

How much income do I need to qualify?

Lenders cap the amortization at a share of your gross monthly income, commonly 30% to 40%. Set that share to match your lender to see the income they will look for.

Are bank rates fixed for the whole loan?

Usually only for a period you choose, such as 1, 3, 5 or 10 years. After that the rate is repriced, so your amortization can go up or down.

What does the rate field assume?

Sample rates only. Ask your bank or Pag-IBIG for the rate on your term; rates change and depend on your credit profile.

What other costs should I plan for?

Transfer tax, registration, notarial fees, fire and mortgage redemption insurance, and move-in fees. Set aside several percent of the price on top of the down payment.

This calculator provides estimates for informational purposes only. Actual payroll, taxes, contributions, loan charges, and utility costs may vary depending on your employer, provider, government rules, or specific circumstances.

You may also need

Read the guide