How Much House Can I Afford?
Enter your salary in any currency. See your buying power in Philippine Pesos based on Pag-IBIG's 35% debt-to-income limit.
How This Calculator Works
This calculator estimates how much property you can afford based on your income and Pag-IBIG's lending rules:
- 35% DTI Rule: Your monthly loan payment cannot exceed 35% of your gross monthly income
- Currency Conversion: We convert your foreign salary to PHP using approximate exchange rates
- Pag-IBIG Rates: We use 2025 Pag-IBIG interest rates based on your chosen loan term
- LTV Limits: 95% financing for properties under P2.5M, 90% for properties over P2.5M
This calculator provides estimates only. Actual loan approval depends on Pag-IBIG assessment of your income documents, contribution history, and other factors.
Related Tools
- Reverse Affordability Calculator — Start from your target monthly payment instead
- Pag-IBIG Calculator — Calculate exact monthly payments for a specific loan amount
- Pag-IBIG vs Bank — Compare financing options side-by-side
- Document Checklist — Get your personalized document requirements
Related Guides
- OFW Condo Buying Guide — Country-specific guide for buying from abroad
- Complete Pag-IBIG Housing Loan Guide — Eligibility, rates, and application process
- How to Buy Property While Working Abroad — Full step-by-step guide for OFWs
Affordability Calculator FAQs
What is repricing period?
Repricing period is how long your interest rate stays fixed. After this period ends, your rate may adjust based on market conditions. Shorter periods (1-3 years) have lower rates but may change sooner. Longer periods (20-30 years) have higher rates but stay fixed for the full loan term. For OFWs who want stable payments, longer repricing periods offer more predictability.
Why is my affordable amount lower than I expected?
Pag-IBIG limits your monthly payment to 35% of gross income. This protects you from over-borrowing. Bank loans may allow higher DTI (up to 40%), but come with higher interest rates.
Are the exchange rates accurate?
We use approximate rates that are updated periodically. For exact conversion, check with your bank. You can also manually adjust the PHP equivalent in the calculator.
What if I have existing debts?
This calculator assumes no existing debts. If you have car loans, credit cards, or other obligations, your actual affordability will be lower. Pag-IBIG considers total debt, not just the housing loan.
Can I afford more with a bank loan?
Possibly, since some banks allow up to 40% DTI. However, bank interest rates are typically higher (7.5-9.5% vs 5.75-9.75% for Pag-IBIG). Use our comparison tool to see which is better for you.
What's the maximum Pag-IBIG loan?
P6,000,000 as of 2025, regardless of income. If you can afford more, you'll need bank financing or a combination of both.
Know Your Options
See how Pag-IBIG compares to bank financing for your situation.