Most Filipino homeowners are overpaying on their mortgage without realising it. Use our free refinance housing loan calculator to find out how much you could save by switching to a lower rate — in under 2 minutes.
SAMPLE SAVINGS ESTIMATE
No commitment. No credit check. Just your numbers.
Why this matters
A refinance housing loan calculator does one simple but powerful thing: it shows you the difference between what you're paying now and what you could be paying. If you took out your home loan more than two years ago, there's a strong chance your current interest rate is no longer competitive. Philippine banks reprice their rates regularly, and borrowers who don't shop around often end up locked into rates of 8%, 9%, or even higher — while better options sit unused. Our home loan refinance calculator lets you plug in your current loan details and instantly see a personalised savings estimate based on today's best available rates.
To get an accurate picture, you'll want to factor in more than just the interest rate difference. Refinancing does involve some one-time costs — things like appraisal fees, documentary stamps, and notarial fees — but for most borrowers with a remaining balance of 2,000,000 or more, these refinancing closing costs are typically recovered within the first 12 to 18 months of lower repayments. After that, every month is pure savings. On a 3,000,000 loan at 8.50%, switching to Nook's best available rate of 5.99% p.a. could save you over 3,000 every single month.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to use. We compare home loan refinancing offers across BDO, BPI, Metrobank, Security Bank, RCBC, UnionBank, and more — then present you with the best match for your situation. There's no pressure, no commitment, and no broker fee. If you're curious about what's driving rate movements across the market, our guide on home loan interest rate trends in the Philippines is a great place to start before you calculate your savings.
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
You enter your current loan balance, remaining term, and existing interest rate, and our calculator compares your current monthly payment against what you'd pay at today's best available rate of 5.99% p.a. The result shows your estimated monthly savings and total savings over your remaining loan term. It takes less than two minutes and gives you a clear, no-jargon breakdown.
You'll need your approximate outstanding loan balance, the number of years remaining on your loan, and your current interest rate — you can usually find these on your latest bank statement or loan billing notice. If you're not sure of your exact rate, a rough estimate is fine to get a ballpark figure. Nook can help you get the precise numbers when you're ready to move forward.
Generally, refinancing makes the most financial sense when you have at least 10 or more years remaining on your loan, because you have more time to recoup the one-time closing costs through lower monthly payments. If you have fewer years left, the savings may still be meaningful depending on the rate difference, but it's worth running the numbers carefully. Our calculator will show you the breakeven point so you can make an informed decision.
No — Nook's refinance calculator and our entire mortgage broking service are completely free for borrowers. We earn a referral fee from the bank if and when your refinancing is successfully completed, which means you get expert help and rate comparisons at zero cost to you. There are no hidden charges or subscription fees of any kind.
Nook works with a panel of major Philippine banks including BDO, BPI, Metrobank, Security Bank, RCBC, UnionBank, Chinabank, PSBank, EastWest Bank, and more. We compare their current refinancing offers and match you with the one that best fits your loan amount, property type, and financial profile. You don't need to approach each bank individually — Nook handles the legwork for you.
Check your exact savings in 60 seconds. It's free and takes no commitment.
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