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Home Loan Calculator

Home loan EMI calculator with down payment: monthly instalment, interest over the full tenure and yearly schedule.

Enter values

Results update as you type.

Result

Monthly payment (EMI)

$47,204.79

You'll pay 5,929,149.3 in interest — 109.8% of the amount borrowed.

Total interest
$5,929,149.30
Total repayment
$11,329,149.30
Amount financed
$5,400,000.00
Number of payments
240

Amortization schedule (yearly)

PeriodPrincipal paidInterest paidBalance
Year 1106,177.9460,279.575,293,822.1
Year 2115,677.86450,779.615,178,144.24
Year 3126,027.8440,429.665,052,116.44
Year 4137,303.78429,153.684,914,812.66
Year 5149,588.64416,868.824,765,224.01
Year 6162,972.66403,484.814,602,251.35
Year 7177,554.17388,903.294,424,697.18
Year 8193,440.32373,017.144,231,256.86
Year 9210,747.84355,709.634,020,509.02
Year 10229,603.9336,853.573,790,905.12
Year 11250,147.05316,310.423,540,758.08
Year 12272,528.24293,929.233,268,229.84
Year 13296,911.92269,545.542,971,317.92
Year 14323,477.26242,980.22,647,840.65
Year 15352,419.47214,0382,295,421.18
Year 16383,951.19182,506.281,911,470
Year 17418,304.12148,153.351,493,165.88
Year 18455,730.68110,726.781,037,435.2
Year 19496,505.8869,951.59540,929.32
Year 20540,929.3225,528.150

Estimates only. Lenders may use different compounding, fees or rounding.

About the Home Loan Calculator

Home loan EMI calculator with down payment: monthly instalment, interest over the full tenure and yearly schedule.

Also known as: home loan emi, housing loan calculator, house loan calculator.

How to use this calculator

  1. Enter property price, down payment, interest rate (annual), loan term.
  2. The result updates instantly as you type — press Calculate (or Enter) at any time.
  3. Review the breakdown shown under the main result.
  4. Use Copy result or Share to save the answer or send a link with your inputs.

Formula

EMI = P·r·(1 + r)ⁿ / ((1 + r)ⁿ − 1)
P
= principal borrowed
r
= monthly rate = annual rate ÷ 12
n
= number of monthly payments

Worked example

Using the values pre-filled in the calculator above:

  • Property price = 6,000,000
  • Down payment = 600,000
  • Interest rate (annual) = 8.6 %
  • Loan term = 20 years

the calculator returns:

  • Monthly payment (EMI): 47,204.79
  • Total interest: 5,929,149.3
  • Total repayment: 11,329,149.3
  • Amount financed: 5,400,000

Frequently asked questions

How is the monthly payment calculated?

With the standard amortization (EMI) formula M = P·r·(1 + r)ⁿ / ((1 + r)ⁿ − 1), where P is the loan amount, r the monthly interest rate (annual rate ÷ 12) and n the number of monthly payments.

Why is most of the early payment interest?

Interest is charged on the outstanding balance, which is highest at the start. As the balance falls, more of each fixed payment goes to principal.