Mortgage Calculator
Plan your Philippine home loan: monthly amortization, closing-cost estimates, and the gross income banks typically require. Opened from a listing? Your numbers are already filled in.
Loan Details
20% (₱600,000)
7%
20 years
Results
Estimated monthly amortization ₱18,607
Loan amount ₱2,400,000
Total interest ₱2,065,722
Total payment ₱4,465,722
Required gross monthly income ₱62,024
Banks typically require amortization within 30% of gross monthly income.
Closing-cost estimates
- Transfer tax
- ₱15,000
- Documentary stamp tax
- ₱45,000
- Registration
- ₱7,500
- Legal & misc
- ₱30,000
- Total closing costs
- ₱97,500
Estimates only: transfer tax varies by LGU (0.5%–0.75%), and bank charges differ. Consult your bank and the BIR for exact figures.
Bank published rates
Published bank rates are gathered on a weekly cycle — check back shortly.
Amortization schedule
| Year | Principal | Interest | Balance |
|---|---|---|---|
| Year 1 | ₱57,095 | ₱166,191 | ₱2,342,905 |
| Year 2 | ₱61,222 | ₱162,064 | ₱2,281,683 |
| Year 3 | ₱65,648 | ₱157,638 | ₱2,216,035 |
| Year 4 | ₱70,394 | ₱152,892 | ₱2,145,641 |
| Year 5 | ₱75,482 | ₱147,804 | ₱2,070,159 |
| Year 6 | ₱80,939 | ₱142,347 | ₱1,989,220 |
| Year 7 | ₱86,790 | ₱136,496 | ₱1,902,430 |
| Year 8 | ₱93,064 | ₱130,222 | ₱1,809,366 |
| Year 9 | ₱99,792 | ₱123,494 | ₱1,709,574 |
| Year 10 | ₱107,006 | ₱116,280 | ₱1,602,568 |
| Year 11 | ₱114,741 | ₱108,545 | ₱1,487,827 |
| Year 12 | ₱123,036 | ₱100,250 | ₱1,364,791 |
| Year 13 | ₱131,930 | ₱91,356 | ₱1,232,861 |
| Year 14 | ₱141,467 | ₱81,819 | ₱1,091,393 |
| Year 15 | ₱151,694 | ₱71,592 | ₱939,699 |
| Year 16 | ₱162,660 | ₱60,626 | ₱777,039 |
| Year 17 | ₱174,419 | ₱48,867 | ₱602,621 |
| Year 18 | ₱187,028 | ₱36,259 | ₱415,593 |
| Year 19 | ₱200,548 | ₱22,738 | ₱215,045 |
| Year 20 | ₱215,045 | ₱8,241 | ₱0 |
All figures are estimates for planning only. Rates, fees, and approval criteria vary by bank. EspasyoMLS is not a lender.