Property Affordability Calculator
Find out how much property you can realistically afford based on your income and financial situation.
How Much Can You Afford?
Find out your maximum affordable property price based on your income and financial situation.
Before taxes and deductions
Car loans, credit cards, other loans
Typically 20% minimum for bank loans
Longer term = lower monthly payment
Current Interest Rates
This calculator uses 8% annual interest rate, which is typical for Philippine bank housing loans as of December 2024. Actual rates may vary from 7% to 10% depending on the bank and your credit profile.
Your Affordability Summary
Maximum Property Price
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Est. Monthly Amortization
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Calculation Breakdown
This calculator provides estimates only. Actual loan approval depends on bank assessment, credit score, and other factors. Consult with a bank or mortgage specialist for accurate figures.
How This Calculator Works
30% Income Rule
Banks typically allow up to 30% of your gross monthly income for housing loan payments. This is a standard debt-to-income ratio used in the Philippines.
Existing Debt Matters
Your existing monthly obligations (car loans, credit cards, etc.) reduce your available budget for housing payments.
Down Payment Impact
A larger down payment means a smaller loan, which equals lower monthly payments and less interest paid over time. Most banks require at least 20% down.
Loan Term Trade-offs
Longer loan terms mean lower monthly payments but more total interest paid. Shorter terms cost less overall but require higher monthly payments.