Estimate your monthly home-loan EMI, total interest payable and the full cost of your mortgage over the loan term.
Mortgage Calculator
The Mortgage Calculator estimates your monthly home-loan payment and shows how it divides between principal and interest, plus a full amortization schedule over the life of the loan.
What drives your payment
Three levers determine the monthly figure: the loan amount (price minus down payment), the interest rate, and the term (often 15, 20, or 30 years). The calculator uses the reducing-balance formula so you can see how a lower rate or a larger down payment shrinks both the monthly payment and the total interest.
Reading the amortization schedule
Early payments are heavily weighted toward interest; over time the balance tips toward principal. The schedule makes this visible month by month and shows how making extra payments early can save years of interest. Remember that property tax, insurance, and any HOA fees are additional to the principal-and-interest figure shown.
Frequently Asked Questions
Does the estimate include tax and insurance?
It calculates principal and interest. Property taxes, homeowners insurance, and HOA dues are separate costs you should budget for on top.
How does the down payment affect my mortgage?
A larger down payment reduces the loan amount, which lowers both the monthly payment and the total interest, and may help you avoid mortgage insurance.
Why is so much early payment interest?
Interest is charged on the outstanding balance, which is largest at the start, so early payments cover mostly interest and little principal.
Can extra payments save money?
Yes. Extra payments applied to principal, especially early on, reduce the balance faster and can save a significant amount of total interest.
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