How Much Is the Monthly Payment on a Condo in the Philippines?

A condo in the Philippines is paid in three parts: the downpayment (on pre-selling units usually spread over the construction period), the loan amortization on the balance, and the association dues you pay for as long as you own the unit. Most buyers only budget for the second one. Here is how to estimate all three before you fall in love with a floor plan.

1. Downpayment schedule

Developers commonly ask 10% to 20% down, payable monthly over 12 to 48 months with little or no interest while the building rises. On a resale unit the downpayment is paid at signing. The remaining 80% to 90% is due at turnover, in cash or through financing.

2. Loan amortization: a worked example

The same loan over 20 years is roughly ₱38,700 a month; at 6.5% over 15 years about ₱41,800. Philippine bank rates are usually fixed for a chosen period (one to five years) and then repriced, so we compare the total cost over the fixing period, not just the headline rate. Run your own numbers in our mortgage calculator with taxes and fees or the amortization schedule.

3. Association dues and other carrying costs

Dues are charged per square metre every month and vary widely by building and amenities; a 40 sqm unit can mean several thousand pesos a month. Add real property tax, insurance and, for investors, vacancy and management. We put the building’s current dues in writing before you reserve.

Financing from the U.S. or the Philippines

Philippine property is financed through Philippine banks, and our broker arranges those loans for Filipinos, dual citizens, buyers living abroad and, for condominium units, foreign nationals. As a licensed mortgage agent and certified financial consultant she plans the monthly payment alongside your tax, estate and retirement position rather than in isolation. Our U.S. partner HighTech Mortgage handles the U.S. side: U.S. mortgages and the coming U.S. escrow with digital-currency payment for Philippine purchases. Financing Philippine property while living abroad →

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