Heart rate (HR) and respiratory rate (RR) are very important physiological variables useful to evaluate the cardiorespiratory system. At present, there is a great interest by the general population in knowing their health status, quickly and easily. Accordingly, several approaches have been proposed to achieve that goal. In this study, the simultaneous estimation of the instantaneous HR and RR values was achieved by the image photoplethysmography (iPPG) technique, in the contact mode directly implemented in a smartphone. iPPG results were compared with those obtained using specialized biomedical sensors such as the electrocardiogram and the respiratory effort band. Performance evaluation included three different respiratory maneuvers in five healthy volunteers. The absolute mean error for instantaneous HR and RR estimations reached 0.94 ± 0.28 beats per minute and 0.40 ± 0.11 breaths per minute, respectively. The mean correlation index was 0.69 ± 0.14 between the iPPG-derived respiratory signal and the respiratory effort reference signal.Clinical Relevance- These results appear to indicate that the contact iPPG method implemented directly on the smartphone is a good option, accessible to the common population to estimate the instantaneous HR and RR values outside specialized clinical environments, e.g., in the point-of-contact office.