Home Loan
Mortgage Calculator
Calculate monthly payments, total interest and full amortization schedule for your home loan.
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Loan amount: ₹40,00,000 · Down: ₹10,00,000 (20%)
›Optional: property tax & insurance
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How mortgage is calculated
Monthly payment is calculated using the standard amortization formula: M = P × [r(1+r)ⁿ] / [(1+r)ⁿ−1] where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12) and n is the total number of payments. In the early years, the majority of each payment goes towards interest — this shifts gradually towards principal over the life of the loan.