Home Loan Calculator: The Complete Guide
Plan your home loan with confidence. Enter the property value, your down payment, the interest rate, and the tenure to see your monthly EMI, the total interest you'll pay, and the full cost of the loan.
Who the Home Loan Calculator is for
Prospective home owners working out the EMI and long-term interest on a housing loan before approaching a bank.
How to use the Home Loan Calculator
- Type your values into the fields above — pick your currency or units where the calculator offers them.
- Results update automatically as you type; there's no submit button and nothing is sent to a server.
- Adjust any input to compare scenarios, then copy the result with a single click.
How it works
Loan amount = property value − down payment. EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), with r the monthly rate and n the months. Total interest = EMI × n − loan amount.
Features
- Monthly home-loan EMI
- Down-payment split
- Total interest payable
- Works in any currency
How a home loan is repaid
A home loan is repaid in equal monthly instalments over a long tenure — often 15 to 30 years. Because the balance is large and the term is long, even a small change in the interest rate or tenure has a big effect on total interest. Use this calculator to test those scenarios before you borrow.