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Home Loan EMI Calculator

See your monthly EMI, total interest and a year-by-year amortization schedule for any home loan.

Loan details

Loan amount

Interest rate (%/year)

Tenure (years)

Fixed-rate EMI with a year-wise schedule. Everything updates live in the results panel.

Result

Monthly EMI

43,391.16

over 240 months

Total payment1,04,13,878.8

Total interest54,13,878.8

Year-wise schedule

Year	Principal	Interest	Balance
1	99,511.46	4,21,182.48	49,00,488.54
2	1,08,307.37	4,12,386.57	47,92,181.17
3	1,17,880.75	4,02,813.19	46,74,300.42
4	1,28,300.34	3,92,393.6	45,46,000.08
5	1,39,640.92	3,81,053.02	44,06,359.16
6	1,51,983.91	3,68,710.03	42,54,375.24
7	1,65,417.91	3,55,276.03	40,88,957.34
8	1,80,039.35	3,40,654.59	39,08,917.99
9	1,95,953.19	3,24,740.75	37,12,964.8
10	2,13,273.67	3,07,420.27	34,99,691.14
11	2,32,125.12	2,88,568.82	32,67,566.02
12	2,52,642.87	2,68,051.07	30,14,923.15
13	2,74,974.2	2,45,719.74	27,39,948.95
14	2,99,279.42	2,21,414.52	24,40,669.53
15	3,25,733	1,94,960.94	21,14,936.53
16	3,54,524.83	1,66,169.11	17,60,411.7
17	3,85,861.6	1,34,832.34	13,74,550.1
18	4,19,968.26	1,00,725.68	9,54,581.84
19	4,57,089.64	63,604.3	4,97,492.2
20	4,97,492.2	23,201.74	0

8.5% fixed20 years

You pay 54,13,878.8 in interest, about 108% of the borrowed amount. Principal and interest only, excludes fees and insurance.

HOW TO USE

INPUT

₹50,00,000 loan, 8.5% per year, 20 years

OUTPUT

Monthly EMI ₹43,391 with a 20-row yearly amortization table

Does this include processing fees or insurance?

No. It covers the principal and interest only. Banks add processing fees, and home loan insurance is a separate cost.

Why is my interest so high?

In a long home loan, most of the early EMIs go toward interest. Prepaying principal early is the most effective way to cut total interest.

Is the EMI fixed?

This assumes a fixed rate. Many home loans use floating rates, so your actual EMI can change when the repo rate moves.