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Calculate monthly EMI for home loans with detailed amortization schedule
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Compare up to 3 different loan options side-by-side
| Metric | Option 1 | Option 2 | Option 3 |
|---|---|---|---|
| Monthly EMI | $4,635 | $3,876 | $4,778 |
| Total Interest | $334,311 | $430,359 | $360,087 |
| Total Amount | $834,311 | $930,359 | $860,087 |
| Loan Term | 15 years | 20 years | 15 years |
See how changes in interest rate or loan tenure affect your EMI and total payment
| Scenario | Rate | Tenure | Monthly EMI | Total Interest | Difference |
|---|---|---|---|---|---|
| Current(Base) | 7.50% | 15Y | $4,635 | $334,311 | - |
| Rate 0% | 7.50% | 15Y | $4,635 | $334,311 | $0 |
| Tenure 0Y | 7.50% | 15Y | $4,635 | $334,311 | $0 |
Get smart advice based on your financial situation
Your DTI ratio is 46.4%. Ideally, it should be below 40% for financial stability. Consider reducing the loan amount or extending the tenure.
Based on your income, the maximum recommended EMI is $4,000. Consider a loan amount of $636,025 or less.
Your LTV ratio is 83.3%. Consider increasing your down payment to below 80% to get better interest rates and avoid PMI.
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $4,635 | $1,510 | $3,125 | $498,490 |
| 2 | $4,635 | $1,519 | $3,116 | $496,970 |
| 3 | $4,635 | $1,529 | $3,106 | $495,441 |
| 4 | $4,635 | $1,539 | $3,097 | $493,903 |
| 5 | $4,635 | $1,548 | $3,087 | $492,355 |
| 6 | $4,635 | $1,558 | $3,077 | $490,797 |
| 7 | $4,635 | $1,568 | $3,067 | $489,229 |
| 8 | $4,635 | $1,577 | $3,058 | $487,652 |
| 9 | $4,635 | $1,587 | $3,048 | $486,065 |
| 10 | $4,635 | $1,597 | $3,038 | $484,468 |
| 11 | $4,635 | $1,607 | $3,028 | $482,860 |
| 12(Year 1) | $4,635 | $1,617 | $3,018 | $481,243 |
| 13 | $4,635 | $1,627 | $3,008 | $479,616 |
| 14 | $4,635 | $1,637 | $2,998 | $477,978 |
| 15 | $4,635 | $1,648 | $2,987 | $476,331 |
| 16 | $4,635 | $1,658 | $2,977 | $474,673 |
| 17 | $4,635 | $1,668 | $2,967 | $473,004 |
| 18 | $4,635 | $1,679 | $2,956 | $471,326 |
| 19 | $4,635 | $1,689 | $2,946 | $469,636 |
| 20 | $4,635 | $1,700 | $2,935 | $467,936 |
| 21 | $4,635 | $1,710 | $2,925 | $466,226 |
| 22 | $4,635 | $1,721 | $2,914 | $464,505 |
| 23 | $4,635 | $1,732 | $2,903 | $462,773 |
| 24(Year 2) | $4,635 | $1,743 | $2,892 | $461,030 |
| 25 | $4,635 | $1,754 | $2,881 | $459,277 |
| 26 | $4,635 | $1,765 | $2,870 | $457,512 |
| 27 | $4,635 | $1,776 | $2,859 | $455,736 |
| 28 | $4,635 | $1,787 | $2,848 | $453,950 |
| 29 | $4,635 | $1,798 | $2,837 | $452,152 |
| 30 | $4,635 | $1,809 | $2,826 | $450,343 |
| 31 | $4,635 | $1,820 | $2,815 | $448,522 |
| 32 | $4,635 | $1,832 | $2,803 | $446,691 |
| 33 | $4,635 | $1,843 | $2,792 | $444,847 |
| 34 | $4,635 | $1,855 | $2,780 | $442,993 |
| 35 | $4,635 | $1,866 | $2,769 | $441,126 |
| 36(Year 3) | $4,635 | $1,878 | $2,757 | $439,248 |
| 37 | $4,635 | $1,890 | $2,745 | $437,358 |
| 38 | $4,635 | $1,902 | $2,733 | $435,457 |
| 39 | $4,635 | $1,913 | $2,722 | $433,543 |
| 40 | $4,635 | $1,925 | $2,710 | $431,618 |
| 41 | $4,635 | $1,937 | $2,698 | $429,680 |
| 42 | $4,635 | $1,950 | $2,686 | $427,731 |
| 43 | $4,635 | $1,962 | $2,673 | $425,769 |
| 44 | $4,635 | $1,974 | $2,661 | $423,795 |
| 45 | $4,635 | $1,986 | $2,649 | $421,809 |
| 46 | $4,635 | $1,999 | $2,636 | $419,810 |
| 47 | $4,635 | $2,011 | $2,624 | $417,799 |
| 48(Year 4) | $4,635 | $2,024 | $2,611 | $415,775 |
| 49 | $4,635 | $2,036 | $2,599 | $413,739 |
| 50 | $4,635 | $2,049 | $2,586 | $411,689 |
| 51 | $4,635 | $2,062 | $2,573 | $409,627 |
| 52 | $4,635 | $2,075 | $2,560 | $407,552 |
| 53 | $4,635 | $2,088 | $2,547 | $405,465 |
| 54 | $4,635 | $2,101 | $2,534 | $403,364 |
| 55 | $4,635 | $2,114 | $2,521 | $401,250 |
| 56 | $4,635 | $2,127 | $2,508 | $399,122 |
| 57 | $4,635 | $2,141 | $2,495 | $396,982 |
| 58 | $4,635 | $2,154 | $2,481 | $394,828 |
| 59 | $4,635 | $2,167 | $2,468 | $392,661 |
| 60(Year 5) | $4,635 | $2,181 | $2,454 | $390,480 |
A Home Loan EMI (Equated Monthly Installment) Calculator is a powerful financial tool that helps you determine the exact monthly payment required for your home loan. It calculates your EMI based on the loan amount, interest rate, and tenure, giving you a clear picture of your financial commitment before you apply for a mortgage.
Our advanced calculator goes far beyond basic EMI calculation. We provide a complete loan analysis platform with professional-grade features including detailed amortization schedules, side-by-side loan comparison tools, interactive what-if scenario planning, personalized financial recommendations, and print-ready comprehensive reports.
Whether you're comparing offers from multiple banks, planning for potential interest rate changes, or seeking expert advice tailored to your financial situation, our all-in-one calculator provides everything you need to make informed home loan decisions.
Smart Budget Planning: Determine if the monthly EMI fits comfortably within your budget with our debt-to-income ratio calculator and personalized affordability analysis.
Compare Multiple Loan Offers: Use our comparison tool to evaluate up to 3 different loan scenarios side-by-side. Compare offers from different banks, interest rates, and loan terms instantly to find the best deal.
What-If Scenario Planning: Interactive sliders let you see real-time impact of interest rate changes (±2%) and tenure adjustments (±5 years). Perfect for planning floating rate loans or refinancing decisions.
Personalized Recommendations: Get expert advice based on your income, existing EMIs, and age. Our smart algorithm provides actionable recommendations to optimize your loan structure.
Professional Reports: Generate comprehensive print-ready reports with all calculations, charts, comparisons, and recommendations. Perfect for bank meetings or financial advisor consultations.
Interest Savings Strategies: Understand exactly how prepayments can reduce your total interest burden and shorten your loan tenure with detailed amortization analysis.
Unlike basic EMI calculators or AI chatbots, our platform provides professional-grade tools that financial advisors use. Here's what makes us different:
Compare up to 3 different loan scenarios side-by-side with automatic highlighting of best options. Perfect for comparing offers from multiple banks or evaluating different loan structures. Includes visual charts and detailed metric comparisons.
Interactive sliders for real-time scenario modeling. Instantly see the financial impact of interest rate changes or tenure adjustments. Essential for floating rate loans and refinancing decisions.
Personalized advice based on your complete financial profile. Get debt-to-income analysis, affordability recommendations, retirement planning insights, and actionable suggestions to optimize your loan.
Generate professional comprehensive reports with one click. Includes all calculations, visual charts, comparisons, and recommendations in a print-optimized format for bank meetings or personal records.
Pro Tip: Use the comparison tool to evaluate bank offers, what-if analysis for rate sensitivity, personalized recommendations for affordability check, and print comprehensive reports for your loan application process.
The EMI calculation uses a standard mathematical formula that considers compound interest:
EMI = P × [r(1+r)^n] / [(1+r)^n-1]P = Principal loan amount
r = Monthly interest rate (annual rate ÷ 12)
n = Total number of monthly installments (tenure × 12)
This formula ensures that each EMI payment includes both principal and interest components, with the interest portion being higher in early payments and gradually decreasing over time.
Input your desired loan amount, current interest rate, and preferred loan tenure in years.
Enter the property value and your down payment amount to see the complete financial picture.
Include processing fees, insurance premiums, and property taxes for accurate cost estimation.
Review your EMI, total interest, and amortization schedule to make informed decisions.
Side-by-side comparison of 3 loan scenarios with automatic best option highlighting. Compare banks, rates, and terms instantly.
Real-time scenario modeling with sliders. See instant impact of rate changes and tenure adjustments on your EMI and total interest.
Smart advice based on your income, age, and financial profile. Get DTI analysis and expert suggestions to optimize your loan.
One-click comprehensive reports with all calculations, charts, and recommendations. Perfect for bank presentations.
View complete payment schedules with principal and interest breakdowns for every month. Includes prepayment analysis.
Get precise EMI calculations in seconds with real-time updates as you modify inputs. All calculations done locally in your browser.
Interactive charts and graphs help visualize loan progress, payment distributions, comparison metrics, and savings potential.
Includes debt-to-income ratio, affordability analysis, retirement planning, LTV optimization, and interest savings strategies.
Calculate EMIs in multiple currencies with localized formatting. Supports all major countries and currencies.
Completely free with no registration required. All calculations are done locally - we never collect your financial data.
This calculator provides estimates only. Actual loan terms, interest rates, processing fees, and monthly payments may vary based on your credit score, down payment, property location, lender policies, and current market conditions. The results should be used as a starting point for your research, not as guaranteed loan terms.
Always consult with a licensed financial advisor or mortgage professional before making any home loan or mortgage decisions. This tool does not constitute financial advice and should not be the sole basis for any financial commitments.
Lead Financial Analyst
Credentials: CFA (Chartered Financial Analyst), MBA Finance
Rajesh has 12+ years of experience in financial analysis and portfolio management across Asian and global markets. As a Chartered Financial Analyst (CFA), he ensures all financial calculators meet international banking standards including RBI, Fed, and ECB guidelines.
This calculator has been verified for accuracy by our team of experts and is reviewed monthly to ensure compliance with current regulations and industry standards.
We built this calculator to help you understand the true cost of your home loan. After years of helping clients compare mortgage options, we noticed most calculators oversimplify the numbers—they don't show how prepayments can save you years of interest or how different loan structures affect your long-term finances.
What makes this different: Beyond basic EMI calculations, we provide detailed amortization schedules, prepayment analysis, affordability ratios, and side-by-side loan comparisons. Our calculator uses the same reducing balance method that banks use, ensuring accuracy you can trust when negotiating with lenders.
For global users: We support multiple currencies (USD, EUR, GBP, INR, AUD, CAD, and more) with proper localization. Whether you're buying property in Mumbai, London, or New York, the calculations adapt to your local market standards.
All calculations run locally in your browser. We don't store or transmit your financial data—your privacy is guaranteed.