# Pag-IBIG Housing Loan Calculator

URL: https://speedycalculator.com/calculators/finance/pag-ibig-housing-loan/
Last updated: 2026-10-25

> The Pag-IBIG housing loan calculator estimates the monthly amortization of a Pag-IBIG Fund housing loan in the Philippines from the loan amount, repayment period and fixed-pricing period rate, and checks it against the 35% income limit.

## Inputs

- Estimated property value
- Loan amount
- Repayment period (years)
- Fixed pricing period (rate)
- Gross monthly income
- Monthly insurance premiums (MRI + fire), estimate

## Results

- Monthly principal and interest
- Total monthly amortization
- Share of gross income
- Maximum loan by the 35% income test
- Loanable amount (lower of loan, value and income limit)
- Total interest over the term

## Formula

```
Monthly principal and interest = pmt(rate ÷ 12, years × 12, loan)
Income test: monthly amortization should not exceed 35% of gross monthly income
Loanable amount is also capped by the property's appraised value (up to 100% for some programs)
```

## Explanation

Pag-IBIG offers home loans of up to ₱6 million with repayment terms up to 30 years. Rates depend on the fixed-pricing period you choose – longer fixed periods have higher rates. Rates and insurance premiums change; confirm with Pag-IBIG.

### How to use the Pag-IBIG Housing Loan Calculator

- **Estimated property value**
- **Loan amount**
- **Repayment period**
- **Fixed pricing period (rate)**
- **Gross monthly income**
- **Monthly insurance premiums (MRI + fire), estimate**

Results update as you type, and every field accepts the units shown in its menu.

### How it works

Enter the property value, the loan amount, the repayment period, the fixed-pricing period rate, your gross monthly income and the monthly insurance premium.

### Tips

- Get a written loan estimate and compare the APR, not just the interest rate.
- Include property tax, insurance, HOA fees and maintenance in your monthly budget.
- A larger down payment lowers the payment and can remove mortgage insurance.
- Rates change daily – use a current quote for the most accurate result.

### Common mistakes to avoid

- Looking only at the monthly payment instead of the total cost of the loan.
- Forgetting closing costs and fees.
- Assuming home prices always rise.

### Inputs explained

FieldWhat to enterEstimated property valueAmount in ₱Loan amountAmount in ₱Repayment periodIn yearsFixed pricing period (rate)Choose one: 1 year – 5.75%, 3 years – 6.25%, 5 years – 6.50%, 10 years – 7.125% …Gross monthly incomeAmount in ₱Monthly insurance premiums (MRI + fire), estimateAmount in ₱

### What each result means

- **Monthly principal and interest** = pmt([Fixed pricing period (rate)]÷1200, [Repayment period]×12, [Loan amount])
- **Total monthly amortization** = [Monthly principal and interest] + [Monthly insurance premiums (MRI + fire), estimate]
- **Share of gross income** = [Total monthly amortization]÷[Gross monthly income]×100
- **Maximum loan by the 35% income test** = pvann([Fixed pricing period (rate)]÷1200, [Repayment period]×12, max(0.35×[Gross monthly income] - [Monthly insurance premiums (MRI + fire), estimate], 0), 0)
- **Loanable amount (lower of loan, value and income limit)** = min(min([Loan amount], [Estimated property value]), [Maximum loan by the 35% income test])
- **Total interest over the term** = [Monthly principal and interest]×[Repayment period]×12 - [Loan amount]

### Example values

How the main result changes when **Estimated property value** changes and everything else stays at the example values above:

Estimated property valueTotal monthly amortization1,500,00017,591.732,250,00017,591.733,000,00017,591.733,750,00017,591.734,500,00017,591.736,000,00017,591.73

## Worked example

Inputs — Estimated property value: ₱3,000,000; Loan amount: ₱2,500,000; Repayment period: 25 years; Fixed pricing period (rate): 3 years – 6.25%; Gross monthly income: ₱70,000; Monthly insurance premiums (MRI + fire), estimate: ₱1,100.

Results — Monthly principal and interest = ₱16,491.73; **Total monthly amortization = ₱17,591.73**; Share of gross income = 25.13 %; Maximum loan by the 35% income test = ₱3,547,231.50; Loanable amount (lower of loan, value and income limit) = ₱2,500,000.00; Total interest over the term = ₱2,447,520.34.

## FAQ

**What is the maximum Pag-IBIG housing loan?**
Up to ₱6 million, subject to income, age and property value.

**How long can I take to repay?**
Up to 30 years, but not beyond age 70.

**What does the fixed pricing period mean?**
How long your rate stays fixed before it is repriced.

**What formula does the Pag-IBIG Housing Loan Calculator use?**
Monthly principal and interest = pmt(rate ÷ 12, years × 12, loan).


## Sources

- [Pag-IBIG Fund – Housing loan](https://www.pagibigfund.gov.ph/)