Home Loan Calculator Philippines
Estimate your monthly home loan payment, total interest, and total loan cost before applying. Adjust the property price, down payment, loan term, and interest rate to compare scenarios and find a monthly payment that fits your budget.
Updated March 16, 2026
Estimated Monthly Payment
₱21,708.37
Enter the total price of the home, condo, or property.
Enter the amount you plan to pay upfront.
Choose the number of years for repayment.
Enter the estimated annual interest rate offered by the lender.
Amortization Schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 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 to Tell if the Monthly Payment Is Realistic
A monthly home loan payment may look affordable at first, but it should still fit comfortably within your overall monthly budget. Before applying, check whether you can still cover regular expenses, savings, emergency funds, and other debt payments after adding the estimated amortization.
A lower monthly payment is not always the lower-cost option overall. A longer loan term can reduce the monthly amount, but it may also increase the total interest paid over time. A bigger down payment usually lowers both the monthly payment and the total borrowing cost.
Side-by-Side: Pag-IBIG vs Bank Financing
These two worked examples show how the same type of decision — financing a home — can produce very different numbers depending on the interest rate, loan term, and property price. Use them to understand the tradeoffs before running your own scenario above.
Pag-IBIG-Style Example
- Property Price
- ₱2,500,000
- Down Payment (20%)
- ₱500,000
- Loan Amount
- ₱2,000,000
- Interest Rate
- 5.375%
- Loan Term
- 30 years
- Total Interest
- ₱2,031,793
- Total Loan Cost
- ₱4,031,793
Lower monthly payment, but the 30-year term means you pay over ₱2M in interest.
Bank Financing Example
- Property Price
- ₱3,500,000
- Down Payment (20%)
- ₱700,000
- Loan Amount
- ₱2,800,000
- Interest Rate
- 7%
- Loan Term
- 20 years
- Total Interest
- ₱2,410,009
- Total Loan Cost
- ₱5,210,009
Higher monthly payment, but the shorter term reduces total interest per peso borrowed.
These are planning estimates only. Actual Pag-IBIG and bank offers will vary based on lender terms, borrower profile, fees, and approved conditions. Use the calculator above to test your own numbers.
What Affects Your Monthly Home Loan Payment
Your estimated monthly home loan payment depends on four main factors: the property price, the down payment, the loan term, and the interest rate. Understanding how each one works can help you compare offers more clearly.
Property Price
A higher property price increases the total amount you need to finance, which usually increases the monthly payment.
Down Payment
A larger down payment reduces the amount borrowed. This often lowers both your monthly payment and the total interest you pay over the life of the loan.
Loan Term
A longer term spreads the cost over more months, which can lower the monthly payment. However, it may also increase the total interest paid overall.
Interest Rate
Even a small difference in interest rate can meaningfully change the total cost of borrowing. When comparing financing options, check both the monthly payment and the full loan cost.
Your Loan Payment Is Not Your Full Housing Budget
A home loan calculator helps estimate the financing side of the purchase, but your total housing budget should include more than just the monthly amortization. Also consider:
- down payment
- processing fees
- appraisal or documentary fees
- mortgage insurance or similar insurance costs
- property taxes
- association dues
- move-in and furnishing costs
- maintenance and repairs
Use the calculator to estimate the loan payment, then add these costs before deciding what property price range is truly affordable.
What to Compare Before Choosing a Home Loan
Do not compare financing options based on monthly payment alone. Two offers may look similar at first, but the total borrowing cost can vary depending on the term, interest rate, fees, and financing structure. Before applying, compare:
- estimated monthly payment
- down payment required
- total interest over the full term
- total estimated loan cost
- fees and charges
- insurance requirements
- fixed-rate period or repricing terms
- Pag-IBIG versus bank financing structure
Use this calculator more than once so you can compare multiple options side by side before making a decision.
Questions to consider before applying
- Can I comfortably afford the estimated monthly payment along with association dues, insurance, maintenance, property taxes, and other housing-related costs?
- Would a larger down payment make the loan more manageable?
- Should I compare offers from several banks or housing loan providers before deciding?
- Does a shorter term save more in total cost, even if the monthly payment is higher?
- Are there extra fees or required charges not included in this estimate?
Sample Home Financing Scenarios
These examples can help you compare common home financing paths in the Philippines. Use them as a starting point, then adjust the numbers based on your target property, down payment, and preferred financing option.
Pag-IBIG-style example
A Pag-IBIG-style financing scenario can be useful for borrowers looking for a more structured, long-term housing loan option. Try a property price, a realistic down payment, and a long repayment term to estimate whether the monthly amount fits your budget.
Bank financing example
A bank financing scenario can help you estimate how a different interest rate or repayment structure may affect your monthly payment and total borrowing cost. Use this type of example if you want to compare more than one financing path before making a decision.
Higher vs lower down payment
Using the same property price, compare what happens when you increase your down payment. A larger upfront amount often reduces the amount financed, lowers the monthly payment, and decreases the total interest paid over time.
Shorter term vs longer term
Use the same property price and down payment, then compare a shorter loan term with a longer one. A longer term may reduce the monthly payment, but it often increases the total interest paid over time.
Example Affordability Ranges
These example ranges can help you think about what different property budgets may feel like in practice. Use them as planning references, not lender quotes.
Entry-level property
An entry-level condo or smaller home may be easier to finance if you are buying your first property or trying to keep your monthly commitment lower. This type of scenario is useful for estimating a more conservative starting point.
Mid-range family home
A mid-range property may offer more space or a better location, but it will usually result in a higher monthly obligation and larger total borrowing cost. This type of scenario is useful if you are balancing affordability with long-term livability.
Higher-value property
A higher-value property can significantly increase both the monthly payment and the total interest cost. This scenario helps you test whether a larger home budget is realistic once the monthly amortization and other housing expenses are considered.