HaatBeat Calculators

Home loan calculator

Work out the loan and the full monthly cost of buying a home, from the price and the down payment.

Also known as: Mortgage calculator.

ReviewedAny currency
₹
The full purchase price.
%
The share of the price you pay up front. 0% to 100%.
% a year
The yearly rate your lender quotes. 0% to 50%.
years
1 to 40 years.
₹
Yearly. Use 0 if not applicable.
₹
Yearly. Use 0 if not applicable.
₹
Monthly, if your lender requires it (often below a 20% down payment). Use 0 if not.
Monthly payment
₹34,712.93

With ₹10,00,000 down, the loan is ₹40,00,000. Over 20 years at 8.5% the loan payment is ₹34,712.93 a month. Total interest: ₹43,31,103.

Each month
Loan payment₹34,712.93
Property tax₹0.00
Home insurance₹0.00
Mortgage insurance₹0.00
Monthly cost₹34,712.93
Illustrative estimate. Assumes a fixed rate, equal monthly payments and flat yearly tax and insurance. Fees, rate changes and local rules are not included. Check your lender's figures.

Repayment by year

01.25 lakh2.5 lakh3.75 lakh5 lakh1471013161920
Principal repaidInterest paid
YearPrincipalInterestBalance
1₹79,609₹3,36,946₹39,20,391
2₹86,646₹3,29,909₹38,33,745
3₹94,305₹3,22,251₹37,39,440
4₹1,02,640₹3,13,915₹36,36,800
5₹1,11,713₹3,04,842₹35,25,087
6₹1,21,587₹2,94,968₹34,03,500
7₹1,32,334₹2,84,221₹32,71,166
8₹1,44,031₹2,72,524₹31,27,134
9₹1,56,763₹2,59,793₹29,70,372
10₹1,70,619₹2,45,936₹27,99,753
11₹1,85,700₹2,30,855₹26,14,053
12₹2,02,114₹2,14,441₹24,11,939

How it's calculated

Loan = Price × (1 − down payment) Monthly cost = EMI + property tax ÷ 12 + insurance ÷ 12 + mortgage insurance

The loan payment uses the EMI formula with end-of-month payments and the yearly rate divided by 12.

Assumptions

  • A fixed rate for the whole tenure.
  • Property tax and insurance stay the same each year.
  • Fees, stamp duty and closing costs are not included.

Worked example

A 400,000 home with 20% down needs a 320,000 loan. At 6.5% over 30 years the loan payment is about 2,022.62 a month, or 2,547.62 with 4,800 a year of property tax and 1,500 of insurance.

Questions

What is mortgage insurance?

Some lenders, especially in the US, require it when the down payment is below 20%. Enter the monthly amount your lender quotes, or 0.

Does a bigger down payment help?

It lowers the loan, the monthly payment and the total interest, and can remove the need for mortgage insurance.

Are buying costs included?

No. Stamp duty, registration, legal and closing costs vary by place and are paid separately.

Sources

Last reviewed 1 October 2026 by Sachin. How we check calculators.