Introduction
This Pag-IBIG Housing Loan Calculator shows what your home loan will really cost. Type in the price of the house, your down payment, the interest rate, and how many years you want to pay.
You will see your monthly amortization, the total interest you pay, and the full amount you pay over the life of the loan. It also checks your loan-to-value (LTV) ratio against Pag-IBIG limits, so you know if you need more equity.
Add your gross monthly income and you also get an affordability check. Pag-IBIG uses a 35% rule, which means your monthly payment should not be more than 35% of what you earn each month. You see right away if you pass or go over.
You can also compare loan terms side by side, build your own rate and term scenarios, and view a month-by-month payment schedule. A step-by-step solution shows the math behind every number. Use it to plan your budget before you file your Pag-IBIG housing loan.
How to use our Pag-IBIG Housing Loan Calculator
Enter the home price, your down payment, the interest rate, and the loan term. The calculator shows your monthly amortization, total interest, total amount payable, your loan-to-value (LTV) ratio, and an affordability check.
Total Contract Price (TCP): Type the full selling price of the house and lot.
Total Equity / Down Payment: Type the cash you will pay upfront. It cannot be more than the TCP.
Loan Amount: This fills in on its own (TCP minus equity). You can change it, but the Pag-IBIG limit is ₱6,000,000.
Applied Interest Rate (% per annum): Type the yearly rate you were offered. Check the HDMF rate tier table below the results if you are not sure.
Loan Term: Pick how many years you will pay, from 5 up to 30 years. A longer term means a lower monthly payment but more total interest.
Gross Monthly Income: Type your monthly pay before deductions. This is optional and is used to check if your payment fits the 35% income rule.
Calculate: Click it to see your results, the step-by-step math, the term comparison, and the first 12 months of your amortization schedule.
Multi-Scenario Comparison: Add a rate and term to compare other Pag-IBIG housing loan options side by side using the same loan amount.
What Is a Pag-IBIG Housing Loan?
A Pag-IBIG housing loan is money you borrow from the Home Development Mutual Fund (HDMF) to buy a house and lot, a condo unit, or a lot, or to build or fix a home. You pay it back in equal monthly amounts, called amortization, for up to 30 years. Part of each payment goes to the loan itself (the principal) and part goes to interest.
Who Can Apply
- You are an active Pag-IBIG member with at least 24 monthly savings paid.
- You are not more than 65 years old when you apply, and not over 70 when the loan ends.
- You have steady income and can show proof of it.
- You have no past Pag-IBIG loan that was cancelled or foreclosed.
How Much You Can Borrow
The most you can borrow is ₱6,000,000. But three things decide your real loan amount: your income, your savings with Pag-IBIG, and the value of the home. Pag-IBIG uses the lowest of these three.
Loan-to-Value (LTV)
LTV shows how much of the home's price the loan covers. If a home costs ₱2,500,000 and you borrow ₱2,000,000, your LTV is 80%. For loans of ₱750,000 and below, Pag-IBIG may lend up to 100% of the price. For bigger loans, it usually lends up to 90%. The rest is your equity, or down payment, which you pay in cash.
Interest Rates
Pag-IBIG lets you lock, or "fix," your rate for 1, 3, 5, 10, 15, 20, 25, or 30 years. A shorter fixing period has a lower rate but the rate can change sooner. A longer fixing period costs more but keeps your payment steady for many years. Rates change over time, so check the current list on the HDMF website before you apply.
The 35% Income Rule
Your monthly payment should not be more than 35% of your gross monthly income. If you earn ₱60,000 a month, your payment should stay at or below ₱21,000. If your payment is too high, you can borrow less, pay more equity, or pick a longer term.
Term Length Matters
A longer term means a smaller monthly payment but much more total interest. A shorter term means bigger monthly payments but you save a lot of money overall. Compare both before you choose.
Other Costs to Plan For
- Processing fee and appraisal fee
- Fire insurance and mortgage redemption insurance (MRI)
- Taxes, transfer fees, and title registration
- Your equity or down payment
These costs are not part of the monthly amortization, so set aside cash for them.