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Finance Calc Kit
Mortgages

Pag IBIG Housing Loan Calculator

Calculate monthly payments, total interest, and required monthly income for Pag-IBIG Fund housing loans in the Philippines.

Loan details

$
%
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Estimated monthly amortization

$13,156.71

Min. gross income needed: $37,590.59/mo

Loan principal

$1,800,000.00

Down payment

$200,000.00

Total interest

$1,357,609.83

Total amount paid

$3,157,609.83

Payment breakdown

  • Principal$1,800,000.0057.0%
  • Interest$1,357,609.8343.0%

How Pag-IBIG amortization is calculated

Monthly payments use standard reducing-balance amortization. Required income applies the 35% affordability cap.

  1. Calculate the loan principal

    Property value $2,000,000.00 minus 10.0% down payment leaves a $1,800,000.00 loan.

  2. Apply the amortization formula

    M=P×r(1+r)n(1+r)n−1M = P \times \frac{r(1+r)^n}{(1+r)^n - 1}

    At 6.3% over 20 years, the monthly amortization is $13,156.71.

  3. Check the 35% income rule

    Required Income=Monthly Amortization0.35\text{Required Income} = \frac{\text{Monthly Amortization}}{0.35}

    Pag-IBIG caps housing loan payments at 35% of gross monthly income, so you need at least $37,590.59 per month.

Interest rates and income rules reflect Pag-IBIG Fund guidelines for 2026. Actual loan approval depends on membership status, contribution history, and property appraisal.
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How the Pag-IBIG housing loan calculator works

The Pag-IBIG Fund (Home Development Mutual Fund) provides affordable housing loans to qualified members in the Philippines. This calculator estimates monthly amortization, total interest, and the minimum gross monthly income needed under Pag-IBIG's affordability rules. All math runs in your browser. Nothing is sent to a server.

Enter the property value, down payment, interest rate, and loan term. Results update as you type, including monthly amortization, loan principal, total interest, and required gross income. For standard reducing-balance loan math, see the EMI calculator. To model a full U.S. housing payment with taxes and insurance, use the mortgage calculator with taxes and insurance. To check how much down payment you need, try the down payment calculator.

Monthly amortization formula

Pag-IBIG housing loans use standard fixed-rate amortization. The monthly payment is calculated from the loan principal, annual interest rate, and number of months:

M=P×r(1+r)n(1+r)n−1M = P \times \frac{r(1+r)^n}{(1+r)^n - 1}

Where P is the loan principal (property value minus down payment), r is the monthly interest rate (annual rate divided by 12), and n is the total number of months.

The 35% income affordability rule

Pag-IBIG caps housing loan amortization at 35% of a borrower's gross monthly income. If your monthly amortization exceeds this threshold, you may need a longer term, a larger down payment, or a lower purchase price:

Required Gross Income=Monthly Amortization0.35\text{Required Gross Income} = \frac{\text{Monthly Amortization}}{0.35}

Rates and income rules in this tool reflect Pag-IBIG Fund guidelines for 2026. Actual approval depends on membership status, contribution history, property appraisal, and current Pag-IBIG rate tables.

Worked example: $2,000,000 property, 10% down, 6.25% rate, 20-year term

  1. Down payment (10%): $2,000,000 x 10% = $200,000
  2. Loan principal: $2,000,000 - $200,000 = $1,800,000
  3. Monthly amortization: $13,156.71 at 6.25% over 240 months
  4. Required gross income: $13,156.71 / 0.35 = $37,590.60 per month

Frequently asked questions

What is Pag-IBIG?
Pag-IBIG (Home Development Mutual Fund) is a Philippine government agency that provides savings programs and affordable housing loans to members. Members contribute monthly and can apply for housing loans at preferential rates.
What is the 35% income rule?
Pag-IBIG limits housing loan amortization to 35% of gross monthly income. If your estimated payment exceeds that share, you may not qualify for the loan amount without adjusting the term, down payment, or purchase price.
What loan terms does Pag-IBIG offer?
Pag-IBIG housing loans are commonly available from 5 to 30 years depending on the borrower profile and property type. This calculator supports terms from 5 to 30 years.
Does this calculator use Philippine pesos?
No. This app formats all amounts in USD using the standard formatMoney display. Enter values in the same currency unit for consistent results.
What data year does this calculator use?
Interest rates and income rules reflect Pag-IBIG Fund guidelines for 2026. Check the official Pag-IBIG website for the latest published rates.

Resources and references

The formulas and methods in this calculator were checked against these independent sources.