Home Loan Calculator
Plan your home purchase — EMI, total interest, down-payment split and a year-by-year amortization view.
Home loan details
₹50.00 L
20.0% of price — loan: ₹40.00 L
Monthly EMI
₹34,713
Loan amount ₹40.00 L for 20 years
- Down payment
- ₹10,00,000
- Loan amount
- ₹40,00,000
- Total interest
- ₹43,31,103
- Total payment
- ₹83,31,103
- Total cost of house
- ₹93,31,103
Home loan interest is eligible for deduction u/s 24(b) up to ₹2 lakh per year on self-occupied property.
Cost breakdown
- Down payment
- Principal (loan)
- Interest
Total: ₹93.31 L
Principal vs interest by year
How the math works
EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ − 1)
- P
- Loan amount = Property price − down payment
- r
- Monthly interest rate
- n
- Loan tenure in months
How it works
- 1
Set the property price and how much you’ll pay upfront as down payment.
- 2
CalcPe computes the net loan amount and applies the EMI formula.
- 3
You get monthly EMI, total interest, total cost of the house and a yearly amortization chart.
- 4
Adjust tenure and rate to strike the right balance between EMI and total interest.
A quick walkthrough
Inputs
Property ₹50 L, 20% down payment (₹10 L), 8.5% p.a. for 20 years.
Steps
- Net loan = ₹50 L − ₹10 L = ₹40 L
- Monthly rate r = 8.5 / 12 / 100 ≈ 0.007083
- EMI computed via the reducing-balance formula
Result
EMI ≈ ₹34,713 · total interest ≈ ₹43.31 L · total cost of house ≈ ₹93.31 L
Why CalcPe’s Home Loan Calculator
- Understand the full cost of home ownership before you commit.
- Model different down payments to reduce interest outgo.
- Plan tenure knowing home loan interest is deductible u/s 24(b) up to ₹2 L.
- Visualise how principal starts small and grows over years.