Home Loan Calculator
Include all property costs to see your real monthly payment.
Home Loan Details
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yrs
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Total Monthly Payment
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Principal & Interest (EMI)
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Tax, Insurance, PMI & HOA
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Loan Amount
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Total Payment
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Total Interest
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Principal vs Interest by Year
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Home Loan Amortization Schedule
Principal and interest breakdown for every month.
| Month | Payment | Principal | Interest | Extra | Balance |
|---|
What makes up your total home loan payment?
Your total monthly payment is more than just the EMI. It typically includes:
- Principal & Interest (EMI) — the loan repayment itself.
- Property Tax — annual tax divided into monthly payments.
- Home Insurance — protects your property against damage.
- PMI — required when your down payment is below 20%.
- HOA Fees — for communities with shared amenities.
Home Loan Calculator FAQ
What is PMI and when do I have to pay it?▶
PMI (Private Mortgage Insurance) is required when your down payment is less than 20% of the home price. It is usually paid monthly until you reach 20% home equity.
How does loan tenure affect my home loan EMI?▶
A longer tenure lowers your monthly EMI but increases the total interest paid. A shorter tenure raises the EMI but saves a significant amount of interest over the life of the loan.
Should I include tax and insurance in my budget?▶
Yes. Lenders often require escrow accounts for tax and insurance, and even if not, you will need to pay them separately. Including them gives you the true cost of homeownership.