Real Estate Finance
Home Loan Calculator
Calculate monthly EMI, total interest, and total payment for your home loan.
Loan Amount
$
Interest Rate
%
Loan Tenure
Down Payment
$
Interest
0%
Monthly EMI
$0
per month
Loan Amount
$0
Total Interest
$0
Total Payment
$0
Down Payment
$0
How the formula works
EMI = P × r × (1 + r)n / [(1 + r)n − 1]
- P = Principal (loan amount − down payment)
- r = Monthly interest rate (annual rate ÷ 12 ÷ 100)
- n = Tenure in months (total number of EMIs)
- Total Payment = EMI × n, Total Interest = Total Payment − P
- Down Payment reduces the loan amount and monthly EMI