Mortgage Calculator
This mortgage calculator works out your monthly repayment, the total interest you will pay, and the full cost of your home loan over its term. Enter the amount you want to borrow, the interest rate on your home loan offer, and the term in years — the results update instantly as you adjust any figure. It uses the same reducing-balance maths that Indian banks and NBFCs apply to home loan EMIs.
The total you are borrowing — the property price minus your down payment, before any fees are added.
The yearly rate your lender quotes. Use the actual home loan rate on your sanction letter, not a processing-fee-inclusive comparison rate.
How long you will repay over. 20 years is common for Indian home loans, with some lenders offering up to 30. Longer terms cut the monthly cost but increase total interest.
Monthly payment
सेव करने के लिए लॉग इन करें₹53,023
The amount your lender collects every month for the full term — e.g. ₹53,023/month on a ₹60,00,000 loan at 8.75% over 20 years.
The pure cost of borrowing — everything paid on top of the ₹60,00,000 itself, purely for the use of the lender's money.
Loan amount plus total interest — the full amount that will have left your account by the final payment.
The amount you're borrowing, unchanged by rate or term — shown here for easy side-by-side comparison with the totals above.
Frequently asked questions
How much mortgage can I afford?+
A common rule is that your EMI should stay under 40% of take-home pay, and Indian lenders typically allow EMIs up to 50–60% of net monthly income. Use that as a starting point, then stress-test the payment here at 2% above today's rate.
Is it better to get a longer or shorter mortgage term?+
A shorter term means higher monthly payments but dramatically less total interest — on a ₹60,00,000 loan at 8.75%, moving from 20 to 15 years saves roughly ₹19,31,389. Choose the shortest term whose payment you can comfortably sustain.
Does this calculator work for interest-only home loans?+
No — this is a repayment (capital and interest) calculator. On an interest-only loan you would simply pay loan × annual rate ÷ 12 each month, and the full balance would still be owed at the end.
How much can I borrow for a mortgage?+
Indian lenders typically allow EMIs up to 50–60% of net monthly income. The exact loan amount you qualify for depends on your credit score, existing debts and down payment size.
Why is my first year's payment mostly interest?+
Because interest is charged on the outstanding balance, which is largest at the start. A ₹60,00,000 loan at 8.75% accrues about ₹43,750 of interest in month one — most of a ₹53,023 payment. By the final years, almost the whole payment is capital.
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