FREE CALCULATOR

Calculate Your Ideal Housing Loan
Overpaying Your Bank?

By the Nook Editorial Team · Reviewed to Nook's editorial standards

Get instant payment estimates and compare rates from all major Philippine banks in one place.

POTENTIAL SAVINGS

8.50%
Your likely rate
5.99%
Best available
₱4,551
estimated monthly savings on a ₱3,000,000 loan

No commitment. No credit check. Just your numbers.

2,400+
Homeowners helped
₱9.2K
Avg. monthly savings
15
Partner banks
100%
Free service

Why this matters

Your bank is counting on you not checking.

Finding the right housing loan in the Philippines requires comparing multiple factors: interest rates, monthly payments, total cost, and bank requirements. Our comprehensive housing loan calculator lets you instantly see payment estimates across different loan amounts, terms, and rates from BPI, BDO, Metrobank, Security Bank, Pag-IBIG, and other major lenders.

Most Filipino homebuyers focus only on the monthly payment, but the total interest cost over 15-25 years can vary dramatically between banks. For example, a 1% difference in interest rate on a 3 million peso loan saves you over 800,000 pesos over the loan term. That's why it's crucial to compare all your options before choosing a lender.

Whether you're buying your first home, upgrading to a larger property, or looking into condo financing options, use our calculator to make informed decisions and find the most affordable housing loan for your situation.

The monthly numbers on a ₱3,000,000 balance

Current payment at 8.50% ₱25,899
Refinanced payment at 5.99% ₱21,348
Monthly savings ₱4,551
Annual savings ₱54,612
Total savings over remaining term ₱818,220

Three steps. No paperwork until you decide.

1

Check your rate (60 seconds)

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.

2

Talk to a Nook consultant (15 minutes)

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.

3

Nook handles everything

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

What homebuyers using loan calculators ask us.

How accurate are online housing loan calculators in the Philippines?

Online calculators provide accurate payment estimates using standard amortization formulas. However, your final rate and payment may vary based on your credit profile, income verification, and the bank's current promotions or fees.

What's the difference between gross and net monthly income for loan qualification?

Banks typically use gross monthly income (before taxes) to calculate your debt-to-income ratio, which should not exceed 30-40% for housing loans. Some banks may consider net income if you have significant other financial obligations.

Should I choose the lowest interest rate or lowest monthly payment?

Focus on the lowest total cost over the loan term, not just monthly payment. A slightly higher monthly payment with a lower interest rate usually saves more money long-term than extending the loan term.

Can I use the same calculator for both purchase and refinancing loans?

Yes, the payment calculation is the same whether you're buying or refinancing. The main difference is that refinancing may have different rates and fees, which could affect your total cost comparison.

How often do Philippine bank housing loan rates change?

Banks typically adjust rates quarterly based on BSP policy changes and market conditions. Promotional rates may change monthly, so it's best to get pre-approved quickly when you find a favorable rate.

Every month you wait costs you ₱4,551.

Check your exact savings in 60 seconds. It's free and takes no commitment.

Check My Savings Now →