True Cost of Ownership Results
GLRA Realty — Licensed Real Estate Broker, Metro Manila & Luzon, Philippines
Tools & Resources
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
Annual Property Costs
Typically ~1-2% of assessed value annually. Paid to the LGU.
Set to 0 for house and lot. Average ₱70-110 per sqm for condos.
Includes fire insurance and Mortgage Redemption Insurance (MRI) if financed.
Operating Expenses
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
| 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 |
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. The yearly property tax in that list has its own calculator: work out your amilyar from your tax declaration rather than guessing at it. Talk to Catherine for personalized advice on properties that fit your real budget.