Mortgage Calculator
Calculate monthly payments and total interest on your mortgage
Loan Details
20.0% of property value
Current home loan rates: 8.5-9.5%
Additional Monthly Costs
Lending and deposit conventions — set by Reserve Bank of India. Last verified .
The reducing-balance EMI convention and quarterly compounding on recurring deposits. Interest rates are your input — they are set by individual lenders and banks.
A floating-rate home loan to an individual cannot be charged a prepayment penalty, but a fixed-rate one can.
Check the sourceMonthly EMI
Loan Summary
Loan-to-Value Ratio
80.0%
First Month Breakdown
INTEREST PORTION
₹28,333.33
81.6% of EMI
PRINCIPAL PORTION
₹6,379.60
18.4% of EMI
Interest vs Loan Ratio
You'll pay 108% of your loan amount as interest
Total Cost Over 20 Years
₹10,00,000
₹40,00,000
₹43,31,103
🏠 Bigger Down Payment
A larger down payment reduces your loan amount, monthly EMI, and total interest paid. Aim for at least 20% to get better interest rates and avoid additional insurance costs.
⏰ Shorter Tenure
While longer tenures mean lower EMIs, you'll pay significantly more interest. If you can afford it, choose a shorter tenure to save lakhs in interest payments.
💰 Prepayment Benefits
Making prepayments, especially in the initial years, can significantly reduce your total interest burden. Even small additional payments make a big difference.
Related Tools
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