About this Calculator
Calculate your mortgage payments and total interest easily.
Formula & Calculations
Mathematical Formula
EMI = P * r * (1 + r)^n / ((1 + r)^n - 1)
Standard loan amortization formula.
How to Calculate Step-by-Step
1
Enter Details
Input loan amount, term, and rate.
How to Use & Best Practices
Enter your home price, down payment, interest rate, and term.