Mortgage Calculator
Buying a home is one of the biggest financial decisions of your life — and understanding how much you’ll pay every month is key. Our Online Mortgage Calculator helps you calculate your monthly EMI (Equated Monthly Installment) instantly, based on your loan amount, interest rate, and tenure. This smart calculator also shows you a complete amortization schedule, along with interactive charts that visualize your principal vs interest ratio and yearly outstanding balance.
Mortgage Calculator
Your Monthly Payment (EMI):
Amortization Schedule
| Month | Principal | Interest | Payment | Balance |
|---|
How to Use the Mortgage Calculator
- Using our mortgage calculator is simple and takes less than a minute:
- Enter the Loan Amount – This is the total value of your home loan (for example, $200,000).
- Enter the Interest Rate (%) – Input the annual interest rate charged by your lender (for example, 7.5%).
- Enter the Loan Tenure (Years) – Provide the number of years you plan to repay the loan (for example, 20 years).
- Click the Calculate button. Your monthly EMI (payment) will appear instantly on the screen.
- You can also click Clear to reset all values and calculate again with different numbers.
- Once you click “Calculate,” the tool automatically displays:
- ✅ Your Monthly Payment (EMI)
- ✅ Principal vs. Interest Breakdown (Pie Chart)
- ✅ Yearly Outstanding Balance (Bar Chart)
- ✅ Detailed Amortization Table showing month-wise principal, interest, and balance.
Formula Used to Calculate Mortgage EMI
- The mortgage payment formula used is:
EMI=[ P×R×(1+R)^N ] / [ (1+R)^N−1 ]
- Where:
- P = Principal loan amount
- R = Monthly interest rate (Annual Rate ÷ 12 ÷ 100)
- N = Total number of monthly payments (Years × 12)
Features of the Mortgage Calculator
- Our free online Mortgage Calculator Widget is packed with powerful features:
- Instant EMI Results: Get your monthly payment in seconds.
- Interactive Charts: Visualize your repayment with pie and bar graphs.
- Amortization Schedule: Month-wise breakdown of principal and interest.
- Mobile-Friendly Design: Fully responsive interface for all devices.
- Easy Reset Option: Quickly clear and re-enter values to compare loans.
- Accurate Calculations: Uses standard amortization formula for precision.
Why You Should Use This Mortgage Calculator
- ✅ Free and Easy to Use – No registration, no fees, no ads.
- ✅ Accurate and Reliable – Built using tested mortgage formulas
- ✅ Saves Time – Calculate, compare, and plan faster.
- ✅ Visual Insights – Easy-to-understand charts and tables.
- ✅ Perfect for Loan Comparison – Quickly analyze multiple home loan options.
- Using this calculator before applying for a loan can help you set a realistic home budget, plan repayments, and avoid surprises later.
Frequently Asked Questions (FAQs) : mortgage calculator
- Q1. What is a mortgage calculator?
A mortgage calculator helps estimate your monthly loan payments, interest costs, and remaining balance over time. - Q2. What does EMI mean in a mortgage?
EMI (Equated Monthly Installment) is the fixed payment you make each month toward your loan, which includes both principal and interest. - Q3. Can I use this mortgage calculator for home loans or property loans?
Yes! It works for all kinds of home loans, housing loans, and mortgage loans. - Q4. Does it include taxes or insurance?
This calculator focuses on the loan repayment part (principal + interest). Property tax or insurance costs vary and should be added separately. - Q5. Is the calculator mobile friendly?
Yes, the widget is fully responsive, adjusting smoothly on phones and tablets.
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