How to Use the Pag-IBIG Housing Loan Calculator

A Pag-IBIG Housing Loan Calculator is a tool that helps you estimate your monthly amortization, total loan repayment, and total interest when availing of a housing loan from the Pag-IBIG Fund.

Buying a home is one of the biggest financial commitments most people will make. Understanding how much you will pay each month can make the difference between a comfortable lifestyle and financial stress. This calculator allows you to plan ahead by giving you a clear picture of your potential obligations before you even apply for a loan.

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How It Works

The calculator uses the loan amortization formula to determine:

1. Monthly Amortization – The fixed amount you’ll pay every month.
2. Total Payment – The total of all payments over the loan term.
3. Total Interest Paid – The amount paid on top of the loan principal due to interest charges.

It assumes a fixed interest rate for the entire term, which is commonly offered by Pag-IBIG under its Housing Loan Program.

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Steps to Use the Calculator

1. Enter the Loan Amount – The amount you plan to borrow from Pag-IBIG.
   Example: ₱1,000,000.
2. Enter the Annual Interest Rate – Input the expected rate (commonly between 5.75% to 10% depending on the chosen loan program and repricing period).
   Example: 6.5%.
3. Enter the Loan Term in Years – Choose your repayment period (up to 30 years is allowed under Pag-IBIG).
   Example: 30 years.
4. Click "Calculate" – The calculator will instantly show your monthly amortization, total repayment, and total interest paid.

This allows you to compare different loan scenarios and find the most affordable option for your budget.

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Why This Calculator is Useful

• Financial Planning: Helps you determine if you can afford the monthly payments.
• Loan Comparison: Try different loan amounts, rates, and terms to see what works best.
• Debt Awareness: Shows the true cost of borrowing, including interest paid.

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FAQ: Pag-IBIG Housing Loan Calculator

Q1: What is a Pag-IBIG Housing Loan?
A: It’s a loan program offered by the Pag-IBIG Fund that helps members finance the purchase of a house, lot, or condominium unit. It can also be used for home construction or renovation.

Q2: Is the calculator result the exact amount I will pay?
A: Not exactly. The calculator gives an estimate based on your inputs. Actual Pag-IBIG loan payments may vary depending on fees, insurance, and possible repricing after the fixed period.

Q3: How accurate is the interest rate I should input?
A: Pag-IBIG offers different rates depending on the chosen repricing period (1, 3, 5, 10 years). Check the latest Pag-IBIG housing loan rates before using the calculator.

Q4: What is the maximum loan term under Pag-IBIG?
A: Up to 30 years, as long as you don’t exceed 65 years old at loan maturity.

Q5: Can I use this calculator if I plan to make early payments?
A: This calculator assumes regular monthly amortization. If you make prepayments, your actual interest will be lower, and you can shorten your loan term.

Q6: Does the monthly payment include insurance and other charges?
A: No, this calculator only computes principal and interest. In reality, Pag-IBIG also includes fire insurance, mortgage redemption insurance, and membership contributions in the monthly dues.

Q7: Can I rely on this calculator for my Pag-IBIG application?
A: Use this calculator for planning purposes only. Always consult Pag-IBIG Fund for an official loan estimate tailored to your application.