Mortgage Calculator

Use this Mortgage Calculator to quickly calculate accurate results online. Free, fast, and easy to use.

What Is a Mortgage Calculator?

A mortgage calculator helps you estimate your monthly home loan payment based on the loan amount, interest rate, and repayment period.

How This Mortgage Calculator Works

The calculator uses a standard reducing balance formula to calculate your monthly EMI, total interest payable, and total repayment amount.

Why Use a Mortgage Calculator?

  • Plan home loan affordability
  • Compare loan tenures and interest rates
  • Understand total interest cost
  • Make informed home-buying decisions

Mortgage Calculation Example

If you take a mortgage of ₹50,00,000 at 8% interest for 20 years, the calculator shows your EMI, interest, and total repayment clearly.

Limitations

This calculator provides estimates only. Actual mortgage terms may vary depending on lender policies, fees, and taxes.

Frequently Asked Questions

How is mortgage EMI calculated?

Mortgage EMI is calculated using a reducing balance formula based on loan amount, interest rate, and tenure.

Does this calculator include taxes or insurance?

No. Property taxes, insurance, and processing fees are not included.

Can I use this calculator for home loans?

Yes. Mortgage and home loan calculations use the same EMI formula.

Is this mortgage calculator accurate?

It provides close estimates using standard formulas, but final figures depend on your lender.

Can I calculate early repayment impact?

This version does not include prepayment calculations.

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