Home Loan Calculator
Calculate your home loan EMI, total interest and a full amortization schedule for any amount, rate and tenure.
Enter your figures
Result
Monthly EMI
$1,995.91
Amortization schedule
| # | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $1,750.00 | $245.91 | $299,754.09 |
| 2 | $1,748.57 | $247.34 | $299,506.75 |
| 3 | $1,747.12 | $248.78 | $299,257.97 |
| 4 | $1,745.67 | $250.24 | $299,007.73 |
| 5 | $1,744.21 | $251.70 | $298,756.03 |
| 6 | $1,742.74 | $253.16 | $298,502.87 |
| 7 | $1,741.27 | $254.64 | $298,248.23 |
| 8 | $1,739.78 | $256.13 | $297,992.10 |
| 9 | $1,738.29 | $257.62 | $297,734.48 |
| 10 | $1,736.78 | $259.12 | $297,475.36 |
| 11 | $1,735.27 | $260.63 | $297,214.73 |
| 12 | $1,733.75 | $262.15 | $296,952.57 |
Planning to buy a home? Estimate your monthly EMI, the total interest you will pay and a full repayment schedule for any loan amount, interest rate and tenure — so you know what you can comfortably afford before you apply.
Formula
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P is the principal, r the monthly interest rate (annual ÷ 12 ÷ 100) and n the number of monthly instalments.
Example
A $300,000 home loan at 7% over 30 years works out to about $1,996/month, with total interest of roughly $418,500.
Frequently asked questions
Is this home loan EMI exact?
It is a close estimate using a fixed rate and equal monthly payments. Actual offers may include processing fees, insurance or a variable rate, which change the cost.
Does a longer tenure reduce my EMI?
Yes — a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan.
This calculator is for general information only and is not financial, tax or legal advice. Always confirm figures and applicable rates for your situation.
Related tools
Profit Margin
Work out profit, margin % and markup % from cost and revenue, with a clear breakdown you can copy or save.
Markup
Turn cost and markup % into a selling price and gross profit instantly, in your chosen currency.
Sales Tax
Add or remove sales tax / VAT / GST with inclusive and exclusive modes and a clean total breakdown.
Net 30
Find the exact due date for Net 15, Net 30, Net 60 and custom payment terms from any invoice date.