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
| Field | What to enter |
|---|---|
| Estimated property value | Amount in ₱ |
| Loan amount | Amount in ₱ |
| Repayment period | In years |
| Fixed pricing period (rate) | Choose one: 1 year – 5.75%, 3 years – 6.25%, 5 years – 6.50%, 10 years – 7.125% … |
| Gross monthly income | Amount in ₱ |
| Monthly insurance premiums (MRI + fire), estimate | Amount 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 value | Total monthly amortization |
|---|---|
| 1,500,000 | 17,591.73 |
| 2,250,000 | 17,591.73 |
| 3,000,000 | 17,591.73 |
| 3,750,000 | 17,591.73 |
| 4,500,000 | 17,591.73 |
| 6,000,000 | 17,591.73 |
Formula
Monthly principal and interest = pmt(rate ÷ 12, years × 12, loan)Income test: monthly amortization should not exceed 35% of gross monthly incomeLoanable amount is also capped by the property's appraised value (up to 100% for some programs)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.
Frequently asked questions
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).