Mortgage Calculator
Plan your home loan and see your monthly payments instantly.
₹ 5,00,000
7.5%
30 Years
Monthly EMI
₹ 3,496
Cost Breakdown
Principal Amount
₹ 5,00,000
Total Interest
₹ 7,58,560
Total Payment
₹ 12,58,560
How To Use Mortgage Calculator?
1
Set Loan Amount
Adjust the slider to your desired home loan amount or the property price minus your down payment.
2
Input Interest Rate
Enter the annual interest rate offered by your bank. Small changes can significantly impact your total cost.
3
Pick Loan Tenure
Choose the number of years you want to pay off the loan. Longer tenures mean smaller EMIs but higher interest.
Key Features
Plan Your Home
Determine your budget before you start house hunting by knowing exactly what you can afford monthly.
Interest vs Principal
Visualize how much of your total payment is going toward the house versus the bank's interest income.
100% Client-Side
All calculations are private. Your sensitive financial data is never sent to our servers or stored.
Frequently Asked Questions
What is a Mortgage?
A mortgage is a loan specifically used to purchase real estate. The property serves as collateral for the loan until it is fully paid off.
How is the EMI calculated?
We use the standard amortization formula: EMI = [P x R x (1+R)^N] / [(1+R)^N - 1], where P is principal, R is monthly interest rate, and N is tenure in months.
Does this include property taxes?
No, this calculator focuses on Principal and Interest (P&I). You should budget separately for taxes and insurance.