Mortgage Calculator
Calculate your home loan EMI, total interest, and repayment schedule
Home Loan Details
₹
% p.a.
In years
Results
🏠
Enter your home loan details and click Calculate.
Formula
EMI = [P × r × (1 + r)ⁿ] ÷ [(1 + r)ⁿ − 1] Total interest = (EMI × n) − P
- P (₹) — Home loan amount
- r (–) — Monthly interest rate
- n (months) — Loan tenure
Example: ₹50 L at 8.5% for 20 years → EMI ≈ ₹43,391 → Total interest ≈ ₹54.1 L
Interpreting Your Result
Year 1–5
High interest phase
Most of early EMIs go toward interest
Year 15+
Principal-dominant
Prepayment is most effective in early years
Frequently Asked Questions
Fixed rate vs floating rate?
Fixed gives certainty; floating usually starts lower but can rise. In a falling rate environment, floating benefits more.
How much does prepayment save?
Paying one extra EMI annually can reduce a 20-year loan by 2–3 years and save substantial interest.