Philippines Mortgage Calculator

Summary

This calculator works out the monthly amortization for a Philippine home loan, whether from a commercial bank or the Pag-IBIG Fund, using the standard reducing-balance formula lenders use. Enter the property price, down payment, annual interest rate, and loan term to see your monthly payment, total interest paid, and a year-by-year breakdown of the loan balance.

How it works

1. Enter the property price and your down payment amount; the down payment percentage updates automatically.
2. Choose your loan term in years and enter the annual interest rate.
3. Read the monthly amortization, total interest, and total repayment figures as you type.
4. Expand the repayment schedule for a year-by-year breakdown of interest, principal, and remaining balance.

Use cases

• A first-time homebuyer comparing monthly amortization between a Pag-IBIG loan and a bank home loan at different rates.
• Someone deciding how much down payment to save by seeing the effect on the loan amount and monthly cost.
• A buyer comparing a 15-year term against a 20-year or 30-year term at the same interest rate.
• Anyone checking how much total interest builds up over the full loan term before applying.
• A buyer testing how a small change in interest rate changes the monthly amortization.
• Planning a household budget around a fixed monthly payment before committing to a reservation fee.

Frequently Asked Questions