Home Loan EMI Calculator with Prepayments, Taxes & Insurance

Home Loan Details

Home value(HV)

Down Payment

Loan Insurance(LI)

(HV+DP+LI)

Interest Rate

Loan Tenure

Loan Fees

Month/year

Homeowner Expenses

One Time Expenses

Property Taxes

Home Insurances

Maintainces/Year

Principal & Interest $35,989
Monthly Extra Payment $ 0
Property Taxes $1,042
Home Insurances $208
Maintenance Expenses $2,500
Total Monthly Payment $ 39,739
Downpayment,Fees&One time expenses 15,10,000
Principal 40,00,000
Prepayments 0
Interest 46,37,369
Total of payment 1,10,4700

Line Chart

Year Principal (A) Interest(B) Total payment (A+B) Balance Loan Paid
To Date
+FY23 15,029 74,944 89,973 49,84,971 0.36%
+FY24 95,045 74,944 5,39,890 48,89,971 2.20%
+FY25 1,23,045 39,944 1,30,890 47,85,971 4.28%
+FY26 1,13,045 4,36,944 1,30,890 47,85,971 6.55%
+FY27 1,24,045 4,26,944 5,39,890 46,75,271 9.04%
+FY28 1,36,045 4,03,787 5,39,836 45,70,271 11.76%
+FY29 1,48,811 3,91,025 5,39,836 42,72,271 14.74%
+FY30 1,62,770 3,77,065 5,39,836 41,01,241 18.00%
+FY31 1,78,162 3,61,077 5,39,836 39,02,022 21.56%
+FY32 1,94,740 3,61,077 5,39,836 37,27,462 25.45%
+FY33 2,13,008 3,26,827 5,39,836 35,14,454 29.71%
+FY34 2,32,990 3,06,846 5,39,836 32,81,464 34.37%
+FY35 2,54,846 2,84,989 5,39,836 30,26,618 39.47%
+FY36 2,78,752 2,61,083 5,39,836 27,47,865 45.05%
+FY37 3,04,901 2,34,934 5,39,836 24,42,964 51.14%
+FY38 3,33,503 2,06,332 5,39,836 21,08,461 57.81%
+FY39 3,64,788 1,75,048 5,39,836 17,44,673 65.11%
+FY40 3,99,008 1,40,028 5,39,836 13,45,665 73.09%
+FY41 4,36,437 1,03,398 5,39,836 9,09,228 81.82%

How to Use Home Loan EMI Calculator?

Using our Home Loan EMI Calculator, you can calculate how much monthly and total expenditure you really incur by purchasing a home using your bank home loan.

Home Loan Details includes single premium loan insurance and processing fees.

  • Home Value is the actual price of the home you purchased (i.e., sale deed value).
  • Down Payment, aka Margin, is the total money you paid to the seller or builder from your own pocket, entered either in Rupees or as a percentage of Home Value.
  • Loan Insurance is the single premium amount, for the Home Loan Protection Plan (HLPP) OR Term Insurance Plan, that gets included in your home loan amount. If you want to guesstimate this amount, use the LIC premium calculator to calculate yearly premium for eTerm plan using your age, loan term and loan amount for Sum Assured. You then multiply this number by your loan tenure.
  • Loan Amount is calculated as Home Value + Loan Insurance — Down Payment. Interest Rate is…the 10th wonder of the world! When its compounded, it ranks 8th.
  • Loan Fees & Charges includes Processing Fees, Administrative Charges etc. along with service taxes, entered either in Rupees or as a percentage of Loan Amount.

    • Homeowner Expenses can be entered either in Rupees or as a percentage of Home Value. You will not pay property taxes and home insurance premium each month, but it is included in the total monthly payment with the assumption that you are setting aside this amount (either through Recurring Deposit or some other means) every month. This will ensure that you will have the necessary money to make the payment once or twice a year. Please note that the recurring expenses will change over the lifetime of the home loan due to inflation and other factors. They will also continue beyond the home loan tenure. You should consider all these factors, especially when making a Rent vs. Buy decision.

    One-time Expenses can include Registration Fees, Stamp Duty, bribe you paid to that pan chewing Govt Babu, money you spent on sprucing up your new home and performing a lavish house warming ceremony (after all, this is a great occasion for your spouse to show off in front of his/her friends & relatives). Property Taxes is the annual payment that you grudgingly make to your local municipal body.

  • Home Insurance is the yearly premium you pay to insure your home—if it isn’t already covered by loan insurance plan.
  • Monthly Maintenance Expenses is what you pay to keep your apartment shining, clean and ‘water-full’. If its an independent house, you can assume your annual maintenance expenditure to be about one percent of your home value. Divide this number by 12 to arrive at monthly maintenance amount. Prepayments help you pay off your loan faster and reduce total interest cost.
  • We wish you an affordable home loan and a great new home!

    • Leave A Reply

    1,049 responses to “EMI Calculator for Home Loan, Car Loan & Personal Loan in India”

    Parkesh says

    jan9,2023 at 9:13pm

    Hi, very nice application Kindly suggest how do we calculate emi in case one person pays the 15 full emi but then for few months only pays interest amount.how do we calculate future emi's including for non principal payments towards loan. Thanks

    Reply

    Shubham kumar says

    Dec27,2023 at 11:13Am

    During availing loan facility from any bank…they charge processing fee also…then final loan amount will be excluding or including processing fee..and how would we consider this processing fee during emi calculation

    Reply

    K Jayatheerth says:

    Nov20,2023 at 1:13Am

    Why can’t it calculate above the amount 300

    Reply

    Kishore says:

    september21,2022 at 12:13Am

    Hi this is very helpful tool , one small improvement the detailed grid can you also add new column of principal to interest percent it would would be grow

    Reply

    Prashanth Nayak says:

    september20,2022 at 9:13Am

    Thank you for sharing this calculator – It is very helpful. Could you please explain what is the “EMI in Arrears” vs. “EMI in Advance” options for car loan?

    Reply

    Poornima says:

    september21,2022 at 5:52pm

    You can get more information in this post

    .

    Reply

    Aman Khan says:

    August26,2022 at 4:47pm

    Calculator failed for the input as

    Loan Amout:100000

    rate:8%

    Tenure: 0.75 month

    Unexpected emi amount: 1,34,111 while interest is only 583

    I think it is still taking whole month. If yes then I am not allowed to enter decimal as input in month. This may be a bug.

    Reply

    Kiran Rathva says:

    december30,2022 at 2:25pm

    Bug Fixed

    Reply

    Poornima says:

    August27,2022 at 6:02pm

    We have now modified the calculator to not accept decimals when tenure is entered in ‘months’. Thanks for the feedback, Aman.

    Reply

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