Enter the loan amount, loan term, and annual interest rate into the calculator to determine your monthly payment.
Pag-IBIG Housing Loan Calculation Formula
The following formula is used to calculate the monthly payment for your Pag-IBIG housing loan.
Monthly Payment = \dfrac{Loan Amount \times Monthly Interest Rate}{1 - (1 + Monthly Interest Rate)^{-Number of Payments}}
Variables:
- Monthly Payment is the amount you need to pay each month (₱)
- Loan Amount is the total amount of the loan (₱)
- Monthly Interest Rate is the annual interest rate divided by 12 (%)
- Number of Payments is the total number of payments over the term of the loan
To calculate the monthly payment, multiply the loan amount by the monthly interest rate and divide