Finance Calculators
Mortgage Calculator
Calculate your monthly mortgage payment, total interest and amortization from the home price, down payment, rate and tenure.
About the Mortgage Calculator
A mortgage calculator helps you understand what a home loan will really cost before you commit. Enter the property price and your down payment to find the loan amount, then add the interest rate and tenure to see your fixed monthly payment.
The result includes total interest, total amount payable and a full amortization schedule showing how your balance shrinks over time — ideal for comparing homes and loan offers.
How to use the Mortgage Calculator
- Enter the home price and your down payment.
- Enter the annual interest rate.
- Set the tenure in years.
- Click Calculate Mortgage.
How the calculation works
Loan = Home price − Down payment
Payment = L × r × (1+r)^n ÷ ((1+r)^n − 1)
r = monthly rate · n = months
Payment = L × r × (1+r)^n ÷ ((1+r)^n − 1)
r = monthly rate · n = months
Example
A ₹50,00,000 home with a ₹10,00,000 down payment financed at 8.5% for 20 years has a monthly payment of about ₹34,713.
Frequently asked questions
It uses the standard amortizing loan formula on the financed amount (price minus down payment), your monthly interest rate and the number of monthly instalments.
Yes, a larger down payment reduces the loan amount, which lowers both your monthly payment and the total interest paid.
LTV is the loan amount as a percentage of the property price; lower LTV often means better interest rates.
No, this estimates principal and interest only. Property tax, insurance and maintenance are additional costs to budget for.