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|
The Interest Rate in Red is at Fixed Rate option.
note: 10% or 20% down payment it depends on project, house classification or developer.
note: Spot Cash down payment in 30 days has discounts
note: Reservation Fee are always deductible at down payment or at total price.
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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