Mortgage Calculator
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For education and planning only. Your bank or lender’s actual figures can differ — fees, rounding, day-count conventions and local rules vary. Always confirm the final numbers with your provider before deciding.
A mortgage calculator shows the monthly payment on a home loan, starting from the property price and how much you put down. It works out the loan amount after your down payment, then applies the standard reducing-balance method lenders use, so you can see the monthly figure and the total interest before you commit. Change the down payment or tenure to see instantly how the numbers move. Nothing you enter leaves your browser.
How to use it
- Enter the property price and the down payment percentage.
- Add the interest rate and how many years you'll repay over.
- See the monthly payment, the loan amount, and the total interest you'll pay.
Examples
- ₹50,00,000 property, 20% down, 8.5% for 20 years → ₹34,712.93 a month.
- That's a ₹40,00,000 loan after a ₹10,00,000 down payment.
Frequently asked questions
- How much down payment should I make?
- Most lenders expect at least 10–20% of the property price, and many cap the loan at 75–90% of value. A bigger down payment means a smaller loan, a lower monthly payment, and far less total interest — but don't drain your emergency savings to get there.
- What does my EMI depend on most?
- Three things: the loan amount, the interest rate, and the tenure. Tenure has the most dramatic effect on total interest — stretching a loan from 15 to 25 years lowers the monthly payment but can add a very large amount to what you pay overall.
- Fixed vs floating rate — how does this change?
- A fixed rate keeps your payment constant for the whole term, so this calculation holds throughout. A floating rate moves with the market: lenders usually keep the payment steady and adjust the tenure, or revise the payment at reset dates. Re-run the numbers whenever your rate changes.
- Are registration and taxes included here?
- No. This shows only the loan repayment. Stamp duty, registration charges, processing fees, and insurance are paid separately and can add several percent to your total cost — budget for them on top.