| Month | Beginning Balance | EMI | Principal | Interest | Ending Balance |
|---|
Free Online Mortgage Calculator – Calculate Home Loan EMI
Easily Estimate Your Monthly Mortgage Payments
Planning to buy a house? Use our Mortgage Calculator to calculate your monthly EMI, total interest paid, and loan repayment schedule in seconds. This tool helps you make informed financial decisions before applying for a home loan.
How to Use the Mortgage Calculator?
- Enter Home Price – The total price of the property you want to purchase.
- Enter Down Payment – The amount you will pay upfront.
- Select Loan Term (Years) – The repayment period (e.g., 15, 20, or 30 years).
- Enter Interest Rate (%) – The annual interest rate applied to your loan.
- Choose Currency – Select from USD, EUR, INR, or other major currencies.
- Click “Calculate” – Get detailed results instantly.
📥 Download the full mortgage report as a text file for future reference!
H2: Mortgage Calculation Breakdown
✔ Loan Amount: Total borrowed amount after deducting the down payment
✔ Monthly EMI: Fixed monthly payment throughout the loan tenure
✔ Total Interest Paid: The total interest paid over the loan duration
✔ Total Repayment Amount: Sum of loan amount + interest
✔ Amortization Schedule: A month-by-month loan repayment table
📊 Sample Mortgage Calculation Example
| Month | Beginning Balance | EMI | Principal | Interest | Ending Balance |
|---|---|---|---|---|---|
| 1 | $200,000 | $1,200 | $500 | $700 | $199,500 |
| 2 | $199,500 | $1,200 | $510 | $690 | $198,990 |
| … | … | … | … | … | … |
| 360 | $1,000 | $1,200 | $1,200 | $0 | $0 |
📥 Download full schedule now!
Why Use This Mortgage Calculator?
✔ Accurate & Instant Results – Get precise mortgage estimates within seconds
✔ Supports Multiple Currencies – USD, EUR, INR, and more
✔ Amortization Schedule – See detailed repayment month by month
✔ Download Report – Save your calculations for reference
✔ 100% Free & Easy to Use
Frequently Asked Questions (FAQs)
Q1: What is a mortgage calculator?
A mortgage calculator helps estimate your monthly mortgage payments, total loan repayment, and interest costs based on loan amount, interest rate, and tenure.
Q2: What is an amortization schedule?
An amortization schedule is a table showing the monthly breakdown of payments, including principal repayment, interest paid, and remaining loan balance.
Q3: Can I change the currency in this tool?
Yes! You can choose from USD ($), EUR (€), INR (₹), and other major currencies for accurate calculations.
Q4: How do I download my mortgage report?
Click the “Download Report” button after calculation to get a detailed text file with loan amount, monthly EMI, interest, and amortization schedule.
Start Calculating Your Mortgage Today!
📊 Get instant mortgage calculations and download your amortization schedule in one click. Try our free mortgage calculator now!
👉 Use the tool now!