Home Loan Monthly Amortization & Income Required (Philippines)
Exactly what a home loan costs per month, and the income you need — worked out for ₱1M to ₱10M across common terms. Figures use an illustrative 7% per year; your real rate and term come from comparing 20+ banks with Nook, free.
Two questions decide whether a home is within reach: what will the monthly amortization be, and how much income do I need to qualify. The tables below answer both with concrete pesos, using an illustrative interest rate of 7% per year — which sits within the typical mid-2026 bank range of roughly 6%–8.5%. Use them as a planning guide, then get your exact, lender-specific numbers from Nook in about 3 minutes.
Monthly amortization by loan amount and term
Estimated monthly repayment at 7% per year, by how much you borrow and over how many years:
| Loan amount | 10 years | 15 years | 20 years | 25 years |
|---|---|---|---|---|
| ₱1,000,000 | ₱11,611 | ₱8,988 | ₱7,753 | ₱7,068 |
| ₱2,000,000 | ₱23,222 | ₱17,977 | ₱15,506 | ₱14,136 |
| ₱3,000,000 | ₱34,833 | ₱26,965 | ₱23,259 | ₱21,203 |
| ₱4,000,000 | ₱46,443 | ₱35,953 | ₱31,012 | ₱28,271 |
| ₱5,000,000 | ₱58,054 | ₱44,941 | ₱38,765 | ₱35,339 |
| ₱6,000,000 | ₱69,665 | ₱53,930 | ₱46,518 | ₱42,407 |
| ₱8,000,000 | ₱92,887 | ₱71,906 | ₱62,024 | ₱56,542 |
| ₱10,000,000 | ₱116,108 | ₱89,883 | ₱77,530 | ₱70,678 |
Illustrative only, at 7% p.a. A longer term lowers the monthly payment but increases total interest. Pag-IBIG allows terms up to 30 years; most banks up to 20–25.
Income you need, by loan amount
Lenders generally keep your monthly repayment within about 30–40% of gross monthly income (Pag-IBIG caps it at 35%). Here is the rough gross income needed for each loan at 7% over 20 years:
| Loan amount | Monthly (20 yrs) | Income at 35% | Income at 30% |
|---|---|---|---|
| ₱1,000,000 | ₱7,753 | ₱22,151 | ₱25,843 |
| ₱2,000,000 | ₱15,506 | ₱44,303 | ₱51,687 |
| ₱3,000,000 | ₱23,259 | ₱66,454 | ₱77,530 |
| ₱4,000,000 | ₱31,012 | ₱88,606 | ₱103,373 |
| ₱5,000,000 | ₱38,765 | ₱110,757 | ₱129,216 |
| ₱6,000,000 | ₱46,518 | ₱132,908 | ₱155,060 |
| ₱8,000,000 | ₱62,024 | ₱177,211 | ₱206,746 |
| ₱10,000,000 | ₱77,530 | ₱221,514 | ₱258,433 |
A co-borrower's income (e.g. a spouse) can be combined to qualify for a larger loan. Existing debts reduce how much you can borrow.
How much can you borrow on your salary?
Working the other way — the approximate home loan you could service on a given gross monthly income, at 7% over 20 years:
| Gross monthly income | Max repayment (35%) | Approx. loan you can service |
|---|---|---|
| ₱20,000/mo | ₱7,000 | ₱773,895 – ₱902,878 |
| ₱25,000/mo | ₱8,750 | ₱967,369 – ₱1,128,597 |
| ₱30,000/mo | ₱10,500 | ₱1,160,843 – ₱1,354,316 |
| ₱40,000/mo | ₱14,000 | ₱1,547,790 – ₱1,805,755 |
| ₱50,000/mo | ₱17,500 | ₱1,934,738 – ₱2,257,194 |
| ₱60,000/mo | ₱21,000 | ₱2,321,685 – ₱2,708,633 |
| ₱80,000/mo | ₱28,000 | ₱3,095,580 – ₱3,611,510 |
| ₱100,000/mo | ₱35,000 | ₱3,869,475 – ₱4,514,388 |
On incomes under about ₱40,000, Pag-IBIG (which sets no fixed income floor) is often the best route, as many banks look for ₱40,000+. Add your downpayment (usually 10–20%) to the loan to estimate the property price you can target.
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Check my rateHow to read these numbers
- Rate matters most. Every 1% change in the interest rate moves your monthly payment meaningfully — which is why comparing 20+ banks (what Nook does) can save you more than any other single decision.
- Term is a lever. A longer term lowers the monthly payment but costs more interest overall; a shorter term does the reverse.
- It's about disposable income. Banks look at your repayment as a share of gross income (often 30–40%), so clearing other debts before you apply directly increases how much you can borrow.
- Don't forget upfront costs. Beyond the downpayment, budget roughly 3–7% of the price for taxes and fees (documentary stamp tax, transfer tax, registration), plus mortgage redemption insurance and fire insurance.
For the full picture, see how much house you can afford, the best home loan interest rates guide, or the complete Philippine home loan FAQ.
Amortization & affordability — your questions
The numeric questions Filipino buyers ask most, answered with worked examples.
What is the monthly amortization for a ₱1 million home loan in the Philippines?
At an illustrative interest rate of 7% per year over a 20-year term, the monthly amortization on a ₱1 million home loan is about ₱7,753. A shorter 10-year term raises it to roughly ₱11,611, while stretching to 25 years lowers it to about ₱7,068. Your real figure depends on the bank's rate and your term — use Nook's free monthly repayments calculator for an exact number.
What is the monthly amortization for a ₱2 million home loan?
At about 7% per year over 20 years, a ₱2 million home loan costs roughly ₱15,506 a month. Over 15 years it is about ₱17,977, and over 25 years about ₱14,136. To comfortably service ₱15,506 a month, most lenders want a gross monthly income of around ₱44,303 to ₱51,687.
What is the monthly amortization for a ₱3 million home loan?
At roughly 7% per year over 20 years, a ₱3 million home loan is about ₱23,259 a month. That typically requires a gross monthly income of around ₱66,454 to ₱77,530, because lenders generally keep your repayment within 30–40% of gross income (Pag-IBIG caps it at 35%). Nook compares 20+ banks to find the rate and term that make the monthly payment work for you.
How much income do I need for a ₱2 million home loan in the Philippines?
As a guide, a ₱2 million home loan at about 7% over 20 years (≈₱15,506 a month) needs a gross monthly income of roughly ₱44,303 to ₱51,687, since lenders cap your repayment at about 30–40% of gross income. Existing debts reduce what you can borrow; a co-borrower's income can increase it. Nook checks the exact requirement against each bank for free.
How much house can I afford on a ₱30,000 salary?
On a gross monthly income of ₱30,000, keeping the repayment within 30–35% of income means you could service roughly ₱1,160,843 to ₱1,354,316 in home loan at about 7% over 20 years. At that income you are most likely looking at Pag-IBIG (which has no fixed income floor), since many banks want around ₱40,000+. Add your downpayment to get the property price you can target.
How much house can I afford on a ₱50,000 salary?
On a gross monthly income of ₱50,000, you could service roughly ₱1,934,738 to ₱2,257,194 in home loan at about 7% over 20 years. With a typical 10–20% downpayment that points to a property priced around ₱2.2–2.8 million. The exact figure depends on your other debts, the rate and the term — Nook will pin down your real number for free.
How is monthly amortization calculated?
Monthly amortization uses the loan formula: payment = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12) and n is the number of monthly payments (years × 12). Each payment covers interest first, with the remainder reducing the principal. Nook's calculator does this instantly for any amount, rate and term.
Does a longer loan term lower my monthly payment?
Yes. A longer term spreads the loan over more payments, so each monthly amortization is smaller — but you pay more total interest over the life of the loan. For example, a ₱3 million loan at 7% costs about ₱34,833 a month over 10 years versus about ₱21,203 over 25 years. Nook helps you balance an affordable monthly payment against the total cost.
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