Home Loan Calculator
Plan your housing finance. Drag sliders to adjust your loan principal, rates, and tenure up to 30 years to check monthly EMIs and view a full amortization schedule.
Parameters
Results Summary
This calculator determines the results based on the following standard financial formula for Home Loan Mortgages:
Variables Glossary
- EMI
- Monthly mortgage payment
- P
- Home loan principal borrowed
- r
- Monthly interest rate (annual interest / 12 / 100)
- n
- Loan tenure in months (years × 12)
Standard mortgage calculation compounding interest monthly on reducing outstanding balances.
What is a mortgage amortization table?
A mortgage amortization table is a complete monthly schedule detailing how much of each payment goes toward the principal loan balance versus the interest component, along with the outstanding balance after every payment.
Can I save money by pre-paying my home loan?
Yes, making partial or full principal prepayments directly reduces your outstanding loan balance, which dramatically decreases the interest accrued over the remaining tenure, saving you substantial amounts.