Mortgage Calculator
Estimate monthly payments for home loans. Includes principal, interest, and amortization schedule.
Formula
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1)
- P — Loan amount
- r — Monthly rate
- n — Number of months
Example Calculation
Loan $200,000, 30 years, 6% annual
Result: EMI ≈ $1,199/month
Practical Uses
- Home purchase planning
- Refinance analysis
Mortgage Payment
Monthly payment (EMI) and totals.
EMI
34,083
Total Interest
4,179,830
Total Payment
8,179,830
FAQs
Property taxes/insurance included?
This covers principal + interest only.
Disclaimer
Educational only. Consult your lender.