Advanced Mortgage Calculator
Calculate your home loan EMI, total interest, and get detailed amortization schedule
Loan Details
Loan Summary
Where P = Principal, R = Monthly Interest Rate, N = Number of Months
Payment Breakdown
Important Information About Mortgage Calculators
What is a Mortgage Calculator?
A mortgage calculator is a financial tool that helps you calculate your monthly home loan EMI, total interest payable, and provides an amortization schedule. It's essential for planning your home purchase budget and understanding loan affordability.
How EMI is Calculated?
EMI is calculated using the mathematical formula: EMI = [P × R × (1+R)ⁿ] ÷ [(1+R)ⁿ-1], where P is principal amount, R is monthly interest rate, and N is the number of months.
Factors Affecting Your EMI
Your monthly EMI depends on three main factors: loan amount (principal), interest rate, and loan tenure. A higher loan amount or interest rate increases EMI, while longer tenure reduces it but increases total interest.
Benefits of Using This Calculator
This advanced mortgage calculator provides instant EMI calculations, detailed amortization schedules, payment breakdowns, and loan comparisons. It helps you make informed decisions about your home loan.
