Home Loan EMI Calculator
Plan your dream home with accurate EMI calculations. Adjust loan amount, interest rate, and tenure to find the right fit.
Your Monthly EMI
₹26,035
Principal
₹30,00,000
Total Interest
₹32,48,327
Total Payable
₹62,48,327
Breakdown
Principal: ₹30,00,000 (48%)
Interest: ₹32,48,327 (52%)
Interest-to-Principal: 108.3%
📊 Interactive EMI Breakdown
Principal vs Interest
Year-by-Year Payment Split
Scenario Comparison
| Metric | Your plan | +1% Interest (9.5%) | +12 Months (252mo) |
|---|---|---|---|
| Monthly EMI | ₹26,035 | ₹27,964 ↑ ₹1,929 | ₹25,567 ↓ ₹468 |
| Total Interest | ₹32,48,327 | ₹37,11,345 ↑ ₹4,63,018 | ₹34,42,928 ↑ ₹1,94,601 |
| Total Payable | ₹62,48,327 | ₹67,11,345 | ₹64,42,928 |
Popular Home Loan EMI Amounts
📐 How Home Loan EMI is Calculated
Loan amount after down payment
₹75L property × 80% LTV= Loan: ₹60,00,000
Monthly interest rate
r = 8.5% ÷ 12 = 0.00708= Monthly rate: 0.708%
EMI calculation (20 yr)
EMI = 60L × 0.00708 × (1.00708)^240 ÷ ((1.00708)^240 − 1)= Monthly EMI: ₹52,069
Total cost over 20 years
₹52,069 × 240 months= Total paid: ₹1,24,96,560 (Interest: ₹64,96,560)
Rate Comparison
20-Year Tenure
₹52,069/mo
Total interest: ₹64.97L — lower EMI, higher cost
15-Year Tenure
₹59,075/mo
Total interest: ₹46.33L — saves ₹18.64L!
Home Loan Tax Benefit
💡 Understanding Home Loan EMI
Home loans are the longest-tenure loans — up to 30 years. Even a small rate difference compounds dramatically. A 0.5% rate increase on ₹50 Lakh over 20 years adds ₹6.5 Lakh in total interest.
Key decision: Fixed vs floating rate. Floating rates are currently 8–9% and track RBI repo rate changes. Fixed rates are 1–2% higher but provide certainty. Most borrowers in India choose floating rates.