Mortgage Calculator Philippines

Most Philippine banks use a Debt-to-Income (DTI) ratio of 30–40% — your monthly amortization should not exceed 30–40% of your gross monthly income.

Example estimates:

• ₱50,000/month → max monthly payment of ₱15,000–₱20,000
• ₱80,000/month → max monthly payment of ₱24,000–₱32,000
• ₱120,000/month → max monthly payment of ₱36,000–₱48,000

Use the calculator above to estimate your actual monthly payment based on loan amount, term, and interest rate.

Down payment requirements vary by lender:

• Bank loans — typically 10–20% of the property price
• Pag-IBIG Fund — as low as 10% for socialized housing; higher for other loan types

A higher down payment reduces your monthly amortization, lowers total interest paid, and generally improves your chances of loan approval.

• Bank loans — terms from 5 to 30 years
• Pag-IBIG Fund — up to 30 years for qualified borrowers

A longer term means lower monthly payments but significantly more interest paid over the life of the loan. Use the amortization table in the calculator to compare different terms side by side.

Pag-IBIG Fund (HDMF)

• Rates from 6.375% p.a. for loans ₱750K–₱6M
• Maximum loan of ₱6M under the affordable housing program
• Must be an active Pag-IBIG member with at least 24 monthly contributions
• Processing time: typically 4–8 weeks

Bank home loan

• Rates from 6.5–7.5% p.a. depending on the bank and fixing period
• Loan amounts up to ₱50M or more
• Faster processing — typically 2–4 weeks
• Open to both employed and self-employed borrowers

Requirements vary by bank, but most lenders ask for:

• Personal — Valid government-issued ID (2 copies), TIN, birth/marriage certificate if applicable
• Proof of income (employed) — Latest 3 months payslips, Certificate of Employment, BIR Form 2316
• Proof of income (self-employed) — Audited Financial Statements, ITR for the past 2 years, business permits
• Property documents — Transfer Certificate of Title (TCT), Tax Declaration, Contract to Sell or Reservation Agreement, location map

Foreign nationals cannot own land in the Philippines, but may own condominium units. Some Philippine banks offer home loans to foreigners for condo purchases, subject to:

• Higher down payment — typically 30–40%
• Additional documentation (valid visa, proof of foreign income)
• More stringent credit evaluation

Contact BDO, BPI, or Metrobank directly for their specific foreigner home loan programs and current eligibility requirements.

House prices vary widely depending on location and property type:

• Metro Manila — House and lot packages typically range from ₱3M to ₱30M, depending on the city and size.
• Provincial areas (Cebu, Davao, CALABARZON) — Prices generally range from ₱1.5M to ₱10M.
• Prime condominiums in BGC or Makati can exceed ₱10M for mid-range units.

Use BahayFind's filters to browse by price range and location to find options that fit your budget.

Foreign nationals cannot own land in the Philippines under the Constitution. However, there are several legal options:

• Condominium units — Foreigners may own condo units; up to 40% of a building's total units can be foreign-owned.
• Through a Filipino spouse — Foreigners married to Filipino citizens may acquire property through their spouse.
• Long-term lease — Leases of up to 50 years, renewable for another 25 years, are available to foreign nationals.

Always consult a Philippine real estate lawyer before purchasing as a foreign national.

Transaction costs typically range from 7–10% of the purchase price. Here's who pays what:

• Documentary Stamp Tax — 1.5% of the selling price (buyer)
• Transfer Tax — 0.5%–0.75% depending on location (buyer)
• Registration Fee — Based on Registry of Deeds schedule (buyer)
• Capital Gains Tax — 6% of the higher of selling price or zonal value (seller)

The allocation of taxes between buyer and seller can be negotiated — always clarify in your Deed of Sale.

House and lot

• You own both the building and the land
• Full control — renovate or expand freely
• No monthly association dues (unless inside a subdivision)
• Available to Filipino citizens only

Condominium unit

• You own your unit; common areas are shared with other residents
• Amenities like lobby, pool, and gym are included
• Monthly association dues apply (covers maintenance and security)
• Can be owned by foreign nationals (up to 40% foreign ownership per building)

Before committing to any property, take these steps:

1. Request a copy of the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT) and verify it at the Register of Deeds.
2. Confirm the seller's name matches the title exactly.
3. Ask for the latest real property tax receipts to confirm taxes are up to date.
4. For new developments, verify the developer's license to sell with the DHSUD (formerly HLURB).

BahayFind requires sellers to verify their identity before listing — but always conduct your own due diligence before making any payment.