Mortgage Calculator – Calculate Home Loan Payments, Interest & Amortization Instantly
The Mortgage Calculator is a free online tool that helps you easily calculate your monthly home loan payments, total interest, and amortization schedule. Whether you’re planning to buy a new house or refinance an existing mortgage, this calculator gives you a clear breakdown of your principal, interest rate, and loan term. Simply enter your loan amount, interest rate, and loan tenure to instantly see your monthly EMI (Equated Monthly Installment) and total repayment amount. Perfect for homeowners, buyers, investors, and financial planners who want quick insights into their mortgage structure.
Mortgage Calculator FAQs
Common questions about how to calculate and understand your home loan payments.
A Mortgage Calculator helps estimate your monthly home loan payments, including principal and interest, based on the loan amount, rate, and tenure.
It uses a standard formula to calculate EMI (Equated Monthly Installment) based on your loan principal, interest rate, and repayment period.
Yes, you can use it to compare new interest rates and calculate potential savings from refinancing.
An amortization schedule shows how your monthly payments are divided between principal and interest over time.
No, this tool focuses on loan repayment only. However, you can add those costs manually to estimate your full monthly housing expense.
Yes! It’s completely free and requires no sign-up or software download.
This tool is ideal for fixed-rate mortgages, but you can adjust the interest rate manually to estimate variable loan payments.