Use our free home loan Philippines calculator to compute your exact monthly amortization for any bank — then see how much you could save by switching to a 5.99% refinance rate through Nook.
SAMPLE MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Every Filipino homeowner with an existing bank loan should know two numbers: what they're paying now, and what they could be paying. Most borrowers with BDO, BPI, Metrobank, RCBC, Security Bank, or other Philippine banks are locked into rates between 7% and 10% — rates that were set years ago and have never been revisited. A home loan Philippines calculator changes that. It lets you punch in your outstanding balance, remaining term, and current interest rate to instantly see your monthly amortization and total interest cost. More importantly, it lets you run a side-by-side comparison against today's best available rate of 5.99% p.a. so you know exactly what refinancing would put back in your pocket each month.
The math is straightforward but the impact is significant. On a 3,000,000 loan with 20 years remaining, the difference between an 8.50% rate and a 5.99% rate is nearly 4,000 pesos every single month — money that currently goes straight to your bank in the form of excess interest. Over the life of the loan, that compounds into hundreds of thousands of pesos. Use our home loan refinance savings calculator to compute your personalized numbers in under a minute. No sign-up required, no obligation, completely free.
Once you know your potential savings, the next question is whether refinancing is worth the process. In the Philippines, it typically is — especially if your remaining balance is above 1,500,000 and you have at least 5 years left on your term. Nook works with all major Philippine banks to find you the lowest rate available for your profile, and our service is 100% free to borrowers. Before you start, it's worth reviewing the home loan refinance requirements in the Philippines so you know exactly what documents to prepare and what to expect from the process.
How it works
Enter your loan details into our calculator. Instantly see what banks are offering right now and how much you'd save each month. No personal information required.
If the numbers make sense, book a free call. Your consultant compares offers from 15+ banks — something that would take you weeks to do on your own — and recommends the best option for your situation.
We manage the entire application, documentation, and bank coordination. You sign where we tell you. Your new lower payment starts next month. Nook's service is completely free — we're paid by the receiving bank.
Common questions
A home loan calculator uses standard amortization formula to compute your fixed monthly payment based on three inputs: your loan amount (outstanding principal), your annual interest rate, and your remaining loan term in months. It then breaks each payment into its principal and interest components, showing you exactly how much of your money is going toward building equity versus paying the bank. Most calculators also show total interest paid over the full term, which is the number that tends to shock borrowers the most.
Most major Philippine banks — BDO, BPI, Metrobank, Security Bank, RCBC, and others — offer fixed-rate periods of 1, 3, 5, or 10 years, after which the rate reprices based on prevailing market conditions. In 2024–2026, typical rates for existing borrowers range from 7% to 10% depending on when the loan was originated and the bank's current repricing schedule. New borrowers and refinancers can often access more competitive rates, with Nook currently offering access to rates as low as 5.99% p.a. through its partner bank network.
Your savings depend on your outstanding balance, remaining term, and the gap between your current rate and the new rate you qualify for. As a general benchmark, a borrower with 3,000,000 remaining on a 20-year term switching from 8.50% to 5.99% would save approximately 3,915 pesos per month — or over 700,000 pesos across the loan's remaining life. Even on a smaller balance of 1,500,000, the savings are meaningful enough to justify the refinancing process, which typically takes 4–8 weeks in the Philippines.
Yes, refinancing in the Philippines involves closing costs such as appraisal fees, notarial fees, mortgage registration fees, and sometimes a documentary stamp tax — typically totaling between 30,000 and 80,000 pesos depending on the loan size and bank. However, these upfront costs are almost always recovered within 12–18 months of lower monthly payments, making refinancing strongly net-positive for most borrowers. You can review a full breakdown of expected costs in our guide to home loan refinance closing costs in the Philippines.
The most competitive refinance rates in 2026 are available through BPI, Security Bank, RCBC, Chinabank, and a number of mid-tier lenders — but the best rate for you depends on your income profile, property type, loan-to-value ratio, and credit history. Rather than approaching each bank individually, Nook compares offers across its entire panel of partner banks simultaneously and presents you with the lowest rate you qualify for. The process is free, fully digital, and typically produces a formal offer within a few business days.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →