Calculate your monthly mortgage payment, total interest, and amortization schedule online for free. Plan your home purchase with confidence.
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Enter the total home purchase price.
Enter your down payment amount or percentage.
Enter interest rate and loan tenure.
See principal vs interest split.
Full amortization schedule for the loan.
Factor in your down payment amount.
See how extra payments reduce your tenure.
A mortgage is a loan used to purchase real estate, where the property serves as collateral.
Typically 20% is recommended, but some loans allow as little as 3-5% down.
EMI is the generic term for monthly loan payments. Mortgage specifically refers to home loan payments.
Fixed rates offer payment stability. Floating rates can be lower initially but vary with market conditions.
Increase your down payment, choose a longer tenure, or negotiate a lower interest rate.
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Monthly Payment (EMI)
$34,713
Loan Amount
$4,000,000
Down Payment
$1,000,000
Total Interest
$4,331,103
Total Cost
$9,331,103