Home Loan Calculator

Complete EMI Calculator · Amortization Schedule · Prepayment Analysis

Plan Your Dream Home Financing
Loan Details
Home Price ($)
Down Payment ($)
Loan Amount ($)
Interest Rate (%)
Loan Term (Years)
Prepayment Amount ($/year)
EMI includes principal + interest. Prepayment reduces loan tenure and total interest.
Loan Summary
Loan Balance Over Time
Year-by-Year Amortization
Year Principal Paid Interest Paid Remaining Balance
Loan Affordability Calculator
Monthly Income ($)
Other Monthly Debts ($)
Maximum affordable EMI: $2,400 | Max Loan: $400,000
Quick Loan Scenarios
Accurate EMI Calculation
Precise EMI calculation with principal and interest breakdown
Full Amortization Schedule
Year-by-year breakdown of principal and interest payments
Prepayment Analysis
See how extra payments reduce loan term and save interest

Frequently Asked Questions

What is EMI and how is it calculated?
EMI (Equated Monthly Installment) is the fixed amount you pay monthly. It's calculated using the formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly interest rate, and n is loan tenure in months.
How does down payment affect my loan?
A larger down payment reduces your loan amount, which lowers your EMI and total interest paid. It may also help you avoid Private Mortgage Insurance (PMI).
What is the 28/36 rule for home loans?
Lenders typically use the 28/36 rule: your housing expenses shouldn't exceed 28% of your gross monthly income, and total debt payments shouldn't exceed 36%.
Should I make prepayments on my home loan?
Yes, prepayments reduce your principal faster, saving significant interest and reducing loan tenure. Even small extra payments make a big difference over time.
What additional costs should I consider?
Consider property taxes (1-2% of home value annually), homeowners insurance (0.3-0.6%), PMI if down payment < 20%, and closing costs (2-5% of loan amount).
Is this calculator free?
100% free! No registration, no hidden costs. Use it for all your home loan planning needs.
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Home Loan Calculator - Complete EMI & Amortization Tool

Our Home Loan Calculator helps you plan your home financing with precision. Calculate EMI, total interest, amortization schedule, and see the impact of prepayments. Perfect for first-time homebuyers and property investors.

Key Features: Calculate exact EMI based on loan amount, interest rate, and tenure. View full amortization schedule showing principal and interest breakdown. Analyze how prepayments reduce loan term and save interest. Check loan affordability based on your income and existing debts.

How to use: Enter home price and down payment to get loan amount. Set interest rate and tenure. Add optional prepayment to see accelerated payoff. Use affordability calculator to know how much loan you can qualify for.

Perfect for: Home buyers planning their mortgage, real estate investors, financial advisors, and anyone considering a home loan.