1. What is the BDO Home Loan Calculator?

The BDO Home Loan Calculator helps you estimate your monthly mortgage payments for a BDO home loan, with interest rates starting at 6.00%. It calculates your monthly payment, total payment over the loan term, and total interest paid.

2. How Does the Calculator Work?

The calculator uses the standard loan payment formula:

Where:

• \( P \) — Principal loan amount (PHP)
• \( r \) — Monthly interest rate (annual rate ÷ 12)
• \( n \) — Total number of payments (loan term in years × 12)
• \( PMT \) — Monthly payment amount

Explanation: The formula accounts for both principal repayment and interest charges, with payments remaining constant throughout the loan term.

3. Understanding Home Loan Payments

Details: Your monthly payment consists of both principal and interest. Early in the loan, most of your payment goes toward interest. As you pay down the principal, more of each payment goes toward reducing the loan balance.

4. Using the Calculator

Tips: Enter the loan amount in PHP, the annual interest rate (BDO rates start at 6.00%), and the loan term in years. The calculator will show your estimated monthly payment, total payment over the loan term, and total interest paid.

5. Frequently Asked Questions (FAQ)

Q1: What is the current BDO home loan interest rate?
A: Rates start at 6.00% p.a. but may vary based on loan amount, term, and borrower qualifications.

Q2: Are there other fees besides the monthly payment?
A: Yes, BDO home loans may include processing fees, appraisal fees, and other charges not reflected in this calculation.

Q3: Can I pay off my loan early?
A: BDO allows early repayment but may charge prepayment penalties depending on your loan terms.

Q4: How does the loan term affect my payments?
A: Longer terms mean lower monthly payments but higher total interest paid over the life of the loan.

Q5: Is this calculation exact?
A: This provides an estimate. Actual payments may vary based on specific loan terms and any rate changes for variable-rate loans.