Mortgage Calculator


Mortgage Calculator

Use our Mortgage Calculator to estimate your monthly mortgage payment. You can input a different home price, down payment, loan term and interest rate to see how your monthly payment changes.

Equation for mortgage payments

M = P[r(1+r)^n/((1+r)^n)-1)]

  • M = the total monthly mortgage payment
  • P = the principal loan amount
  • r = your monthly interest rate. Lenders provide you an annual rate so you’ll need to divide that figure by 12 (the number of months in a year) to get the monthly rate. If your interest rate is 5%, your monthly rate would be 0.004167 (0.05/12=0.004167).
  • n = number of payments over the loan’s lifetime. Multiply the number of years in your loan term by 12 (the number of months in a year) to get the number of total payments for your loan. For example, a 30-year fixed mortgage would have 360 payments (30×12=360).

Other Financial Calculator

Deciding how much house you can afford

Mortgage Calculator
Mortgage Calculator

Here’s an example of what this looks like:

Joe makes $60,000 a year. That’s a gross monthly income of $5,000 a month.

$5,000 x 0.28 = $1,400 total monthly mortgage payment (PITI)

 

 

Mortgage Calculator Table

Month Begining Loan Balance EMI Principal Monthly Interest Outstanding Balance
1 ₹ 7500000 ₹ 97254 ₹ 37566 ₹ 59688 ₹ 7462434
2 ₹ 7462434 ₹ 97254 ₹ 37865 ₹ 59389 ₹ 7424569
3 ₹ 7424569 ₹ 97254 ₹ 38166 ₹ 59087 ₹ 7386402
4 ₹ 7386402 ₹ 97254 ₹ 38470 ₹ 58783 ₹ 7347932
5 ₹ 7347932 ₹ 97254 ₹ 38776 ₹ 58477 ₹ 7309156
6 ₹ 7309156 ₹ 97254 ₹ 39085 ₹ 58169 ₹ 7270071
7 ₹ 7270071 ₹ 97254 ₹ 39396 ₹ 57858 ₹ 7230675
8 ₹ 7230675 ₹ 97254 ₹ 39709 ₹ 57544 ₹ 7190966
9 ₹ 7190966 ₹ 97254 ₹ 40025 ₹ 57228 ₹ 7150940
10 ₹ 7150940 ₹ 97254 ₹ 40344 ₹ 56910 ₹ 7110596
11 ₹ 7110596 ₹ 97254 ₹ 40665 ₹ 56588 ₹ 7069931
12 ₹ 7069931 ₹ 97254 ₹ 40989 ₹ 56265 ₹ 7028942
13 ₹ 7028942 ₹ 97254 ₹ 41315 ₹ 55939 ₹ 6987627
14 ₹ 6987627 ₹ 97254 ₹ 41644 ₹ 55610 ₹ 6945984
15 ₹ 6945984 ₹ 97254 ₹ 41975 ₹ 55278 ₹ 6904008
16 ₹ 6904008 ₹ 97254 ₹ 42309 ₹ 54944 ₹ 6861699
17 ₹ 6861699 ₹ 97254 ₹ 42646 ₹ 54608 ₹ 6819053
18 ₹ 6819053 ₹ 97254 ₹ 42985 ₹ 54268 ₹ 6776068
19 ₹ 6776068 ₹ 97254 ₹ 43327 ₹ 53926 ₹ 6732741
20 ₹ 6732741 ₹ 97254 ₹ 43672 ₹ 53581 ₹ 6689068
21 ₹ 6689068 ₹ 97254 ₹ 44020 ₹ 53234 ₹ 6645049
22 ₹ 6645049 ₹ 97254 ₹ 44370 ₹ 52884 ₹ 6600679
23 ₹ 6600679 ₹ 97254 ₹ 44723 ₹ 52530 ₹ 6555955
24 ₹ 6555955 ₹ 97254 ₹ 45079 ₹ 52174 ₹ 6510876
25 ₹ 6510876 ₹ 97254 ₹ 45438 ₹ 51816 ₹ 6465438
26 ₹ 6465438 ₹ 97254 ₹ 45799 ₹ 51454 ₹ 6419639
27 ₹ 6419639 ₹ 97254 ₹ 46164 ₹ 51090 ₹ 6373475
28 ₹ 6373475 ₹ 97254 ₹ 46531 ₹ 50722 ₹ 6326944
29 ₹ 6326944 ₹ 97254 ₹ 46902 ₹ 50352 ₹ 6280042
30 ₹ 6280042 ₹ 97254 ₹ 47275 ₹ 49979 ₹ 6232767
31 ₹ 6232767 ₹ 97254 ₹ 47651 ₹ 49602 ₹ 6185116
32 ₹ 6185116 ₹ 97254 ₹ 48030 ₹ 49223 ₹ 6137085
33 ₹ 6137085 ₹ 97254 ₹ 48413 ₹ 48841 ₹ 6088673
34 ₹ 6088673 ₹ 97254 ₹ 48798 ₹ 48456 ₹ 6039875
35 ₹ 6039875 ₹ 97254 ₹ 49186 ₹ 48067 ₹ 5990689
36 ₹ 5990689 ₹ 97254 ₹ 49578 ₹ 47676 ₹ 5941111
37 ₹ 5941111 ₹ 97254 ₹ 49972 ₹ 47281 ₹ 5891139
38 ₹ 5891139 ₹ 97254 ₹ 50370 ₹ 46884 ₹ 5840769
39 ₹ 5840769 ₹ 97254 ₹ 50771 ₹ 46483 ₹ 5789998
40 ₹ 5789998 ₹ 97254 ₹ 51175 ₹ 46079 ₹ 5738823
41 ₹ 5738823 ₹ 97254 ₹ 51582 ₹ 45671 ₹ 5687241
42 ₹ 5687241 ₹ 97254 ₹ 51993 ₹ 45261 ₹ 5635248
43 ₹ 5635248 ₹ 97254 ₹ 52406 ₹ 44847 ₹ 5582842
44 ₹ 5582842 ₹ 97254 ₹ 52823 ₹ 44430 ₹ 5530018
45 ₹ 5530018 ₹ 97254 ₹ 53244 ₹ 44010 ₹ 5476774
46 ₹ 5476774 ₹ 97254 ₹ 53668 ₹ 43586 ₹ 5423107
47 ₹ 5423107 ₹ 97254 ₹ 54095 ₹ 43159 ₹ 5369012
48 ₹ 5369012 ₹ 97254 ₹ 54525 ₹ 42728 ₹ 5314487
49 ₹ 5314487 ₹ 97254 ₹ 54959 ₹ 42294 ₹ 5259528
50 ₹ 5259528 ₹ 97254 ₹ 55397 ₹ 41857 ₹ 5204131
51 ₹ 5204131 ₹ 97254 ₹ 55837 ₹ 41416 ₹ 5148294
52 ₹ 5148294 ₹ 97254 ₹ 56282 ₹ 40972 ₹ 5092012
53 ₹ 5092012 ₹ 97254 ₹ 56730 ₹ 40524 ₹ 5035282
54 ₹ 5035282 ₹ 97254 ₹ 57181 ₹ 40072 ₹ 4978101
55 ₹ 4978101 ₹ 97254 ₹ 57636 ₹ 39617 ₹ 4920465
56 ₹ 4920465 ₹ 97254 ₹ 58095 ₹ 39159 ₹ 4862370
57 ₹ 4862370 ₹ 97254 ₹ 58557 ₹ 38696 ₹ 4803813
58 ₹ 4803813 ₹ 97254 ₹ 59023 ₹ 38230 ₹ 4744790
59 ₹ 4744790 ₹ 97254 ₹ 59493 ₹ 37761 ₹ 4685297
60 ₹ 4685297 ₹ 97254 ₹ 59966 ₹ 37287 ₹ 4625330
61 ₹ 4625330 ₹ 97254 ₹ 60444 ₹ 36810 ₹ 4564887
62 ₹ 4564887 ₹ 97254 ₹ 60925 ₹ 36329 ₹ 4503962
63 ₹ 4503962 ₹ 97254 ₹ 61410 ₹ 35844 ₹ 4442552
64 ₹ 4442552 ₹ 97254 ₹ 61898 ₹ 35355 ₹ 4380654
65 ₹ 4380654 ₹ 97254 ₹ 62391 ₹ 34863 ₹ 4318263
66 ₹ 4318263 ₹ 97254 ₹ 62887 ₹ 34366 ₹ 4255376
67 ₹ 4255376 ₹ 97254 ₹ 63388 ₹ 33866 ₹ 4191988
68 ₹ 4191988 ₹ 97254 ₹ 63892 ₹ 33361 ₹ 4128095
69 ₹ 4128095 ₹ 97254 ₹ 64401 ₹ 32853 ₹ 4063695
70 ₹ 4063695 ₹ 97254 ₹ 64913 ₹ 32340 ₹ 3998781
71 ₹ 3998781 ₹ 97254 ₹ 65430 ₹ 31824 ₹ 3933351
72 ₹ 3933351 ₹ 97254 ₹ 65951 ₹ 31303 ₹ 3867401
73 ₹ 3867401 ₹ 97254 ₹ 66476 ₹ 30778 ₹ 3800925
74 ₹ 3800925 ₹ 97254 ₹ 67005 ₹ 30249 ₹ 3733920
75 ₹ 3733920 ₹ 97254 ₹ 67538 ₹ 29716 ₹ 3666383
76 ₹ 3666383 ₹ 97254 ₹ 68075 ₹ 29178 ₹ 3598307
77 ₹ 3598307 ₹ 97254 ₹ 68617 ₹ 28637 ₹ 3529690
78 ₹ 3529690 ₹ 97254 ₹ 69163 ₹ 28090 ₹ 3460527
79 ₹ 3460527 ₹ 97254 ₹ 69714 ₹ 27540 ₹ 3390814
80 ₹ 3390814 ₹ 97254 ₹ 70268 ₹ 26985 ₹ 3320545
81 ₹ 3320545 ₹ 97254 ₹ 70828 ₹ 26426 ₹ 3249718
82 ₹ 3249718 ₹ 97254 ₹ 71391 ₹ 25862 ₹ 3178326
83 ₹ 3178326 ₹ 97254 ₹ 71959 ₹ 25294 ₹ 3106367
84 ₹ 3106367 ₹ 97254 ₹ 72532 ₹ 24722 ₹ 3033835
85 ₹ 3033835 ₹ 97254 ₹ 73109 ₹ 24144 ₹ 2960725
86 ₹ 2960725 ₹ 97254 ₹ 73691 ₹ 23562 ₹ 2887034
87 ₹ 2887034 ₹ 97254 ₹ 74278 ₹ 22976 ₹ 2812757
88 ₹ 2812757 ₹ 97254 ₹ 74869 ₹ 22385 ₹ 2737888
89 ₹ 2737888 ₹ 97254 ₹ 75465 ₹ 21789 ₹ 2662423
90 ₹ 2662423 ₹ 97254 ₹ 76065 ₹ 21188 ₹ 2586358
91 ₹ 2586358 ₹ 97254 ₹ 76671 ₹ 20583 ₹ 2509688
92 ₹ 2509688 ₹ 97254 ₹ 77281 ₹ 19973 ₹ 2432407
93 ₹ 2432407 ₹ 97254 ₹ 77896 ₹ 19358 ₹ 2354511
94 ₹ 2354511 ₹ 97254 ₹ 78516 ₹ 18738 ₹ 2275996
95 ₹ 2275996 ₹ 97254 ₹ 79140 ₹ 18113 ₹ 2196855
96 ₹ 2196855 ₹ 97254 ₹ 79770 ₹ 17483 ₹ 2117085
97 ₹ 2117085 ₹ 97254 ₹ 80405 ₹ 16848 ₹ 2036680
98 ₹ 2036680 ₹ 97254 ₹ 81045 ₹ 16209 ₹ 1955635
99 ₹ 1955635 ₹ 97254 ₹ 81690 ₹ 15564 ₹ 1873945
100 ₹ 1873945 ₹ 97254 ₹ 82340 ₹ 14913 ₹ 1791605
101 ₹ 1791605 ₹ 97254 ₹ 82995 ₹ 14258 ₹ 1708609
102 ₹ 1708609 ₹ 97254 ₹ 83656 ₹ 13598 ₹ 1624953
103 ₹ 1624953 ₹ 97254 ₹ 84322 ₹ 12932 ₹ 1540632
104 ₹ 1540632 ₹ 97254 ₹ 84993 ₹ 12261 ₹ 1455639
105 ₹ 1455639 ₹ 97254 ₹ 85669 ₹ 11584 ₹ 1369970
106 ₹ 1369970 ₹ 97254 ₹ 86351 ₹ 10903 ₹ 1283619
107 ₹ 1283619 ₹ 97254 ₹ 87038 ₹ 10215 ₹ 1196581
108 ₹ 1196581 ₹ 97254 ₹ 87731 ₹ 9523 ₹ 1108850
109 ₹ 1108850 ₹ 97254 ₹ 88429 ₹ 8825 ₹ 1020421
110 ₹ 1020421 ₹ 97254 ₹ 89133 ₹ 8121 ₹ 931288
111 ₹ 931288 ₹ 97254 ₹ 89842 ₹ 7412 ₹ 841446
112 ₹ 841446 ₹ 97254 ₹ 90557 ₹ 6697 ₹ 750889
113 ₹ 750889 ₹ 97254 ₹ 91278 ₹ 5976 ₹ 659611
114 ₹ 659611 ₹ 97254 ₹ 92004 ₹ 5249 ₹ 567607
115 ₹ 567607 ₹ 97254 ₹ 92736 ₹ 4517 ₹ 474871
116 ₹ 474871 ₹ 97254 ₹ 93474 ₹ 3779 ₹ 381396
117 ₹ 381396 ₹ 97254 ₹ 94218 ₹ 3035 ₹ 287178
118 ₹ 287178 ₹ 97254 ₹ 94968 ₹ 2285 ₹ 192210
119 ₹ 192210 ₹ 97254 ₹ 95724 ₹ 1530 ₹ 96486
120 ₹ 96486 ₹ 97254 ₹ 96486 ₹ 768 ₹ 0

 

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