Use Nook's free refinancing calculator to find out exactly how much you could save every month. Filipino homeowners on rates above 7% are saving thousands annually — find out if you're one of them.
SAMPLE SAVINGS ESTIMATE
No commitment. No credit check. Just your numbers.
Why this matters
A refinancing calculator is the fastest way to find out whether switching your home loan makes financial sense. By entering your current loan balance, remaining term, and existing interest rate, you can instantly compare your current monthly repayment against what you'd pay at today's best available rate — currently as low as 5.99% p.a. through Nook. The numbers often surprise people. On a 3,000,000 peso loan with 20 years remaining, moving from 8.50% to 5.99% can cut your monthly payment by over 3,000 pesos and save you more than half a million pesos over the life of the loan. Our home loan refinance calculator runs this analysis for you in seconds, for free.
Beyond the monthly savings, a good refinancing calculator should also show you the break-even point — the number of months it takes for your cumulative savings to exceed the closing costs of refinancing. In the Philippines, refinancing closing costs typically range from 1% to 3% of the outstanding loan balance, covering bank fees, notarial fees, registration, and insurance. If your break-even is under 24 months and you plan to stay in the property, refinancing almost always makes sense. Nook's calculator factors all of this in automatically so you're not guessing.
Keep in mind that calculator results are estimates based on the inputs you provide. Your actual savings will depend on your final approved rate, remaining loan term, and the specific fees charged by your new lender. Rates vary across Philippine banks including BDO, BPI, Metrobank, Security Bank, and others — which is exactly why using a broker like Nook matters. Nook compares offers across multiple lenders and negotiates on your behalf, completely free of charge to you. Once you've run the numbers, Nook's team can help you move from calculation to approved refinancing with as little friction as possible.
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
Online refinancing calculators give you a reliable ballpark figure based on standard loan amortisation formulas — they're accurate enough to make an informed decision about whether to proceed. The final numbers will depend on your actual approved interest rate and the specific closing costs your lender charges, which can vary. Think of the calculator as your starting point, not your final contract.
You'll typically need your current outstanding loan balance, your current interest rate, and the number of years remaining on your loan. It also helps to have an estimate of your new target rate — Nook's best available rate is currently 5.99% p.a. If you don't know your exact figures, your latest loan statement from your bank will have everything you need.
The break-even point is the number of months it takes for your monthly savings to fully cover the upfront costs of refinancing. For example, if refinancing costs you 60,000 pesos in fees and you save 3,000 pesos per month, your break-even is 20 months. If you plan to stay in your home longer than that, refinancing puts money back in your pocket over time.
Not necessarily — you can choose your new loan term when you refinance. Many homeowners opt to keep a shorter remaining term to avoid extending their debt, while others choose a longer term to maximise their monthly cash flow reduction. Your Nook advisor can help you model both scenarios so you can decide what aligns best with your financial goals.
The refinancing process in the Philippines typically takes between 30 and 60 days from application to loan release, depending on the lender and how quickly documents are submitted. Working with a broker like Nook can significantly speed this up because your application is prepared correctly the first time and submitted to the right lender for your profile. You can check the refinancing requirements in advance to make sure you're ready to move quickly.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →