Home Loan Calculator

About this Calculator

Use our free Home Loan Calculator to calculate EMI, total interest, and amortization schedule instantly.

How Home Loan Calculator Works

A home loan EMI consists of both principal repayment and interest. This calculator helps you estimate your monthly EMI, total interest, and overall loan cost before applying.

Home Loan EMI Formula

EMI = [P × R × (1+R)^N] / [(1+R)^N − 1]

Where P = Loan Amount, R = Monthly Interest Rate, N = Number of Months

Frequently Asked Questions

Is this home loan calculator free?
Yes, it is completely free.

Does EMI include interest?
Yes, EMI includes both principal and interest.

Can tenure be changed?
Yes, changing tenure affects EMI amount.