Home Loan EMI Calculator
Find the loan amount, monthly EMI and total interest on a home loan from the property price, down payment, rate and years.
- Loan amount
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- Total interest
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- Total payment
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An estimate only; the lender's sanction and schedule decide the final figures.
What is the Home Loan EMI Calculator?
This home loan EMI calculator subtracts your down payment from the property price to get the loan amount, then works out the monthly EMI, total interest and total repayment for the rate and years you enter. Use it to see how a larger down payment changes your instalment.
How it works
Loan amount is the property price minus the down payment, never below zero. The EMI is L x r x (1 + r)^n divided by ((1 + r)^n - 1), where r is the yearly rate divided by 1200 and n is the number of months. Total interest is EMI times n minus the loan amount.
How to use it
- Enter the property price and the down payment you will pay yourself.
- Type the yearly interest rate and the tenure in years.
- Read the loan amount, EMI and total interest.
- Change the down payment to see how it affects the EMI.
Home Loan EMI Calculator — FAQ
How much down payment is usually needed?
Lenders decide how much of the price they will finance, and the rule differs between lenders and loan types. Ask your lender for its current limit.
Does this include registration, stamp duty or processing fees?
No. It covers only the principal and interest. Add other costs such as stamp duty, registration and fees to the amount you must arrange yourself.
Is a longer home loan always better?
A longer tenure lowers the EMI but raises the total interest. Compare a few tenures here and choose the instalment you can sustain comfortably.