How Much HomeCan You Afford?
Enter your monthly income to see the maximum property price you can qualify for across Pag-IBIG, bank, and in-house financing options.
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Frequently Asked Questions
How is home affordability calculated?
Affordability is based on the Debt-to-Income (DTI) ratio. Your maximum monthly payment is your income multiplied by the DTI ratio (35% for Pag-IBIG, 30% for banks). From this, we calculate the maximum loan you can get, then determine the maximum property price based on standard LTV ratios.
What is DTI ratio and why does it matter?
DTI (Debt-to-Income) ratio is the maximum percentage of your gross monthly income that can go towards debt payments. Pag-IBIG uses 35%, meaning your monthly amortization cannot exceed 35% of your gross income. Banks typically use 30%. A lower DTI means a more conservative (safer) loan.
Can I combine my income with my spouse?
Yes! Both Pag-IBIG and bank financing allow combined income from spouses or qualified co-borrowers. Enter your combined gross monthly income in the calculator to see your joint affordability.
Why do Pag-IBIG and bank results differ?
Results differ because of three factors: (1) Interest rates — Pag-IBIG typically offers lower rates (4.5-10.5%) vs banks (7-9%); (2) DTI ratios — Pag-IBIG allows 35% vs banks at 30%; (3) Maximum loan caps — Pag-IBIG has maximum loanable amounts. Lower rates and higher DTI mean Pag-IBIG usually allows a higher property price.
What income is counted for housing loan qualification?
Gross (before tax) monthly income from all sources counts: salary, business income, rental income, remittances (for OFWs). Both your income and your co-borrower's income can be combined. Part-time and freelance income may require additional documentation.
Is this calculation guaranteed for loan approval?
No. This calculator provides estimates based on standard DTI ratios and current rates. Actual loan approval depends on credit history, employment stability, existing debts, and lender-specific requirements. Contact us for a detailed assessment with a licensed broker.
