Personal Finance
Home Loan Calculator
Work out your home loan EMI from the property value, down payment, rate, and tenure.
₹16,00,000
Monthly EMI
₹55,541
Equity build-up vs loan balance
Your equity in the home (gold) grows from the down payment as the outstanding loan (navy) falls.
Principal vs interest each year
Interest (gold) dominates the early years, so a lot of your early EMIs is interest, not equity.
What is amortization?
Amortization is how each EMI is divided between interest and repaying the loan. In the early years most of your EMI is interest (because the outstanding loan is large), so your equity grows slowly at first and then faster as the balance falls. This is why paying a little extra in the early years, or a larger down payment, saves a disproportionate amount of interest.
Simple example:on a ₹10,00,000 loan at 12%, the first month's interest is ₹10,000 — so most of that EMI is interest, not equity. By the last year, almost the entire EMI is building your equity.
About the Home Loan Calculator
Plan your home purchase. Enter the property value and your down payment to find the loan amount, then set the interest rate and tenure to see your monthly EMI, total interest, and total cost of the loan over its term.
This calculator provides estimates for general guidance only and does not constitute professional advice. For advice specific to your situation, please get in touch.