Home loan calculator
EMI and total interest on a home loan over up to 50 years.
Estimate for information only — not financial, tax, legal or medical advice.
How it's calculated
EMI = P·r·(1+r)^n / ((1+r)^n − 1), r = annual rate / 12, n = months. If r = 0, EMI = P / n.
- Fixed rate for the whole term
- No processing fees, insurance or taxes included
Version 1.0 · exact decimal maths · inputs are not stored.
Questions
Why is so much of the early payment interest?
Interest is charged on the outstanding balance, which is largest at the start. As the balance falls, more of each instalment repays principal.
What about government housing schemes?
Subsidised schemes have their own rates and eligibility. Enter the scheme's rate to model it, but confirm terms with the bank.