Mortgage Loan EMI Calculator
Plan Your Home Repayments

Estimate your home loan EMIs, total interest, and plan your repayment strategy with our free and comprehensive Mortgage Calculator.

Home Loan Clarity
Repayment Insight
Strategic Planning
100% Free Tool

Deep Dive into Mortgage Planning

Understand the mechanics behind your home loan repayment and how to leverage financial concepts for savings.

Mortgage Loan Explained

A mortgage loan is a loan secured by real estate. It helps you buy or maintain a home, land, or other property. The property serves as collateral, and repayment is spread over a set term with interest.

The EMI Formula

  • Key Variables:P=Principal, r=Monthly Rate, n=Months

Amortization Table

This schedule shows the split of each monthly payment (EMI) between principal and interest. It reveals that early payments are mostly interest, shifting to mostly principal later.

Saving Tips

To save on a mortgage, consider making part-prepayments, opting for a shorter tenure, and regularly comparing interest rates for a balance transfer.

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Quick Answers

Frequently Asked
Questions About Mortgages

Find quick answers to common questions about our Mortgage EMI Calculator and home loans in India.

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A mortgage loan is a type of loan used to purchase or maintain a home, land, or other types of real estate. The borrower agrees to pay back the loan over a set period, typically with interest. The property itself serves as collateral for the loan.
Mortgage EMI (Equated Monthly Installment) is calculated using the same formula as a general EMI, taking into account the principal loan amount, the interest rate, and the loan tenure. The formula is:
An amortization table (or schedule) is a complete table of periodic loan payments, showing the amount of principal and the amount of interest that comprise each payment until the loan is paid off. Early in the loan term, a larger portion of your EMI goes towards interest, while later, more goes towards the principal.
Yes, most mortgage loans in India allow for pre-payments. Making pre-payments can significantly reduce your total interest burden and shorten your loan tenure. Always check your loan agreement for any pre-payment penalties or specific terms.
Yes, our Mortgage Calculator is 100% free to use, with no hidden costs or sign-ups. It uses standard financial formulas to provide accurate estimates based on your inputs, helping you plan your home loan finances effectively.