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.
Loan details
Based on standard monthly amortization (declining-balance interest). Total cost includes your down payment.
Compare loan terms
Same price & rate · tap to applyA longer term lowers the monthly payment but usually raises total interest — at 7.00% on a ₱2,000,000 loan.
Amortization schedule
How each fixed monthly payment splits between principal and interest as your balance falls.
| MONTH | PAYMENT | PRINCIPAL | INTEREST | BALANCE |
|---|---|---|---|---|
| 1 | ₱15,505.98 | ₱3,839.31 | ₱11,666.67 | ₱1,996,160.69 |
| 2 | ₱15,505.98 | ₱3,861.71 | ₱11,644.27 | ₱1,992,298.98 |
| 3 | ₱15,505.98 | ₱3,884.24 | ₱11,621.74 | ₱1,988,414.74 |
| 4 | ₱15,505.98 | ₱3,906.89 | ₱11,599.09 | ₱1,984,507.85 |
| 5 | ₱15,505.98 | ₱3,929.68 | ₱11,576.30 | ₱1,980,578.16 |
| 6 | ₱15,505.98 | ₱3,952.61 | ₱11,553.37 | ₱1,976,625.56 |
| 7 | ₱15,505.98 | ₱3,975.66 | ₱11,530.32 | ₱1,972,649.89 |
| 8 | ₱15,505.98 | ₱3,998.86 | ₱11,507.12 | ₱1,968,651.04 |
| 9 | ₱15,505.98 | ₱4,022.18 | ₱11,483.80 | ₱1,964,628.85 |
| 10 | ₱15,505.98 | ₱4,045.65 | ₱11,460.33 | ₱1,960,583.21 |
| 11 | ₱15,505.98 | ₱4,069.24 | ₱11,436.74 | ₱1,956,513.96 |
| 12 | ₱15,505.98 | ₱4,092.98 | ₱11,413.00 | ₱1,952,420.98 |
How to tell if the monthly payment is realistic
A monthly home loan payment may look manageable at first, but it should still fit comfortably within your overall monthly budget. Before applying, check whether you can still cover your regular expenses, savings, emergency fund, and other debt payments after adding the estimated monthly amortization.
A lower monthly payment is not always the cheaper option overall. A longer loan term can reduce the monthly amount, but it usually increases the total interest paid over time. A bigger down payment generally lowers both the monthly payment and the total borrowing cost.
What affects your monthly home loan payment
Your estimated payment depends on a few main factors. Understanding how each one works helps you compare offers more clearly.
Property price
A more expensive property increases the amount you finance, which usually raises the monthly payment.
Down payment
A larger down payment reduces the amount borrowed, lowering both your monthly payment and total interest.
Loan term
A longer term spreads the cost over more months and lowers the monthly payment, but increases total interest.
Interest rate
Even a small difference in rate changes the total cost of borrowing. Compare both the monthly payment and full loan cost.
Your monthly payment is not your full housing budget
A home loan calculator estimates the financing side of the purchase, but your real housing budget should include more than the monthly amortization. Also consider:
What to compare before choosing a home loan
Don't compare lenders on the monthly payment alone. Two offers may look similar at first, but the total cost can differ. Before applying, compare:
- Estimated monthly payment
- Down payment required
- Total interest over the full term
- Total estimated loan cost
- Required insurance or add-on products
- Mortgage & processing fees
- Early repayment terms
- Pag-IBIG vs bank financing
Questions to consider before applying
- Can I comfortably afford the monthly payment along with property tax, insurance, association dues, and maintenance costs?
- Would a larger down payment make the loan more manageable?
- Should I compare Pag-IBIG and bank financing 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?
Frequently Asked Questions
Related calculators and guides
PesoHub provides free financial tools and information for educational purposes only. It is not affiliated with any bank or government agency. Rates and terms shown are estimates — always confirm the final figures with your lender and consult a qualified professional before making financial decisions.