Hi! Here's a new guide in computing the Monthly Amortization under Pag-IBIG Funds Circular No. 310.

Pag-IBIG Housing Factor Rates Guides | |||||
Under Circular No. 310 / per Php. 1,000 Loan | |||||
Interest Rates per Preferred Fixing Period | |||||
Term | 3 Years | 5 Years | 10 Years | 15 Years | 30 Years |
in Years | 7.985% | 8.985% | 10.000% | 10.750% | 12.250% |
3 | 31.32945 | 31.79275 | 32.26791 | 32.62045 | 33.33384 |
5 | 20.26922 | 20.75108 | 21.24704 | 21.61795 | 22.37099 |
10 | 12.12483 | 12.65946 | 13.21507 | 13.63387 | 14.49199 |
15 | 9.54786 | 10.13374 | 10.74605 | 11.20948 | 12.16299 |
20 | 8.35507 | 8.98761 | 9.65022 | 10.15229 | 11.18565 |
25 | 7.70823 | 8.38169 | 9.08701 | 9.62083 | 10.71744 |
30 | 7.32719 | 8.03544 | 8.77572 | 9.33481 | 10.47896 |
The Interest Rate in Red is at Fixed Rate option.
How to compute, for example:
* Property Price of House and Lot at Developer is Php. 1,100,000
* Required Down Payment of Developer is 20% payable in 12 months
* 80% Balance for pag-IBIG Financing
note: 10% or 20% down payment it depends on project, house classification or developer.
note: 10% or 20% down payment it depends on project, house classification or developer.
Computation:
Down Payment = Property Price x 20%
Down Payment = 1,100,000 x .20
Down Payment = Php. 220,000
note: Spot Cash down payment in 30 days has discounts
note: Spot Cash down payment in 30 days has discounts
if, Reservation Fee is Php. 10,000
Down Payment less Reservation Fee
Net Down Payment = Php. 210,000
note: Reservation Fee are always deductible at down payment or at total price.
note: Reservation Fee are always deductible at down payment or at total price.
20% Down Payment payable in 12 months or if 15 months is applicable
12 months Down Payment - 17,500 per month
or, if 15 months Down payment - 14,000 per month
note: Stretched down payment depends on developer standard payment
80% Balance or Loanable Amount to Pag-IBIG Financing
80% Balance = Property Price x .80
80% Balance = Php. 880,000 Loanable Amount
Computation of PAG-IBIG Monthly Amortization
Using the above factor rates table, we'll use 7.32719 for term of 30 years at repricing rate[first 3 years at fixed rate then rep-ricing afterwards], then divided by per 1,000. See sample below.
Monthly Amortization = Loanable Amount x 7.32719 / 1,000
Monthly Amortization = 880,000 x 7.32719 / 1,000
Monthly Amortization = Php. 6,448 per month
The Php. 6,448 Monthly Amortization is fixed at first 3 years, then repricing afterwards in every 3 years span.
note: Stretched down payment depends on developer standard payment
80% Balance or Loanable Amount to Pag-IBIG Financing
80% Balance = Property Price x .80
80% Balance = Php. 880,000 Loanable Amount
Computation of PAG-IBIG Monthly Amortization
Using the above factor rates table, we'll use 7.32719 for term of 30 years at repricing rate[first 3 years at fixed rate then rep-ricing afterwards], then divided by per 1,000. See sample below.
Monthly Amortization = Loanable Amount x 7.32719 / 1,000
Monthly Amortization = 880,000 x 7.32719 / 1,000
Monthly Amortization = Php. 6,448 per month
The Php. 6,448 Monthly Amortization is fixed at first 3 years, then repricing afterwards in every 3 years span.
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