Repayments on a ₱1,000,000 home loan — Philippines

At 7% over 30 years:

• Monthly repayment: ₱6,653
• Total interest: ₱1,395,089
• Total repaid: ₱2,395,089
• Paying ₱200 extra a month saves: ₱150,337 and 2 years

Frequently asked questions

What are the repayments on a ₱1,000,000 mortgage?

At 7% over 30 years, about ₱6,653 a month. Over the full term you would pay roughly ₱1,395,089 in interest on top of the ₱1,000,000 borrowed.

How much interest do you pay on a ₱1,000,000 loan?

About ₱1,395,089 over 30 years at 7% — bringing the total repaid to around ₱2,395,089.

What if I pay a bit extra each month?

Adding ₱200 a month would save about ₱150,337 in interest and clear the loan roughly 2 years earlier.

See interest-only repayments on the same loan

Estimate only. Assumes a fixed rate and no fees; lenders accrue interest daily and may charge account or discharge fees. Not financial advice.