Home Loan Calculator

Home Loan Calculator with Prepayments, Taxes & Insurance

Online Home Loan Calculator

Calculate Down Payment, Fees & One-time Expenses, Principal, Prepayments, Interest, Taxes, Home Insurance & Maintenance of your Home Loan

Home Loan Details


Homeowner Expenses

Partial Prepayments — Amount and Start Date

Total Monthly EMI Payment

Principal & Interest (EMI)
Monthly Extra Payment (from Oct 2013)
Property Taxes
Home Insurance
Maintenance Expenses
Total Monthly Payment

All Total Payments

Down Payment, Fees & One-time Expenses
Taxes, Home Insurance & Maintenance
Total of all Payments

Payment Details Breakdown

Home Loan Payment Schedule
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Want to print your Home Loan EMI calculation (with all your numbers pre-filled)?


What is a Home Loan Calculator?

A home loan calculator is a type of calculator that helps determine the overall amount of money that must be paid back for a home loan. People have always fantasized about having their own home, but the reality is that it takes a significant amount of ready cash to buy a house. Because of this, many people have taken out home loans from a variety of financial institutions.

However, it is very challenging to determine the exact EMIs because it takes a great deal of time to calculate everything by hand. Consequently, one can use an online home loan calculator to alleviate some of the headaches and achieve the capability of instantly calculating the result.

Why Should You Use a Home Loan Calculator?

In its most basic form, a home loan calculator helps its user get a better idea of how much money he will have to pay back as a result of getting a loan and whether or not his current financial situation will allow him to do so in the long run. Because of this online home loan calculator, users are able to become aware of their potential future financial obligations well in advance of taking out a loan, which enables them to make the best choice possible.

A home loan calculator can also help someone make a good plan for their budget, like figuring out if they should get a long-term or short-term loan, etc.

What Are the Benefits of Using a Home Loan Calculator?

The adage "Prevention is better than cure" is something that we have all heard, but few of us are able to put it into practice correctly. This is one of the advantages of using a home loan calculator. Before agreeing to the terms of a mortgage loan, it is recommended that one make use of a mortgage loan calculator. Reasons include,

  • Obtain an accurate determination of the amount that is payable.
  • Easy accessibility and a straightforward user interface.
  • The user is able to plan their cost management in the most effective way.
  • Effective as well as dependable, and
  • Instant results.

What is the Formula for Calculating a Home Loan?

A particular formula is utilized in order to calculate the home loan and the EMIs structure associated with it.

A= [P x R x (1+R) ^N]/ (1+R) ^N-1.

Where A is the monthly installment payment amount, P is the principal (the amount that is the original loan amount given by the bank), R is the rate of interest, and N is the number of years or tenure of repayment.

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