True Cost of Ownership Results

GLRA Realty — Licensed Real Estate Broker, Metro Manila & Luzon, Philippines

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True Cost of Ownership

The mortgage is only part of the story. See the full monthly cost of owning a property in the Philippines — taxes, dues, utilities, insurance and maintenance combined.

Property & Loan

Results update as you type.

Property & Mortgage

Property Price (₱)

Down Payment (%)

Loan Term (Years)

Interest Rate (% per year)

Annual Property Costs

Real Property Tax — Amilyar (₱/year)

Typically ~1-2% of assessed value annually. Paid to the LGU.

Condo / HOA Dues (₱/month)

Set to 0 for house and lot. Average ₱70-110 per sqm for condos.

Annual Insurance (₱/year)

Includes fire insurance and Mortgage Redemption Insurance (MRI) if financed.

Operating Expenses

Average Electricity (₱/month)

Average Water (₱/month)

Internet & Cable (₱/month)

Maintenance & Repairs Reserve (% of price/year)

Industry standard: budget 1% of property value per year for upkeep.

True Monthly Cost

Everything you'll spend, every month.

Total Monthly Cost

₱0

all-in cost of homeownership

Per year: ₱0 · Cost ratio: 0.00% of property/year

Mortgage RPT Dues Utilities Insurance Maintenance

Component	Monthly
Mortgage Payment	₱0
Real Property Tax	₱0
Condo / HOA Dues	₱0
Electricity	₱0
Water	₱0
Internet & Cable	₱0
Insurance	₱0
Maintenance Reserve	₱0
TOTAL EVERY MONTH	₱0

Browse Properties

Why this matters: Most buyers underestimate the true cost of homeownership by 30-50%. Beyond the mortgage, expect significant ongoing expenses for taxes, dues, utilities, insurance and maintenance. Use this number — not just the mortgage — when deciding what's truly affordable. Talk to Catherine for personalized advice on properties that fit your real budget.