Mortgage Calculator
Monthly P&I payment, total interest on home loans.
About this calculator
A mortgage calculator breaks a home loan into its two real parts: principal and interest. Enter the home price, your down payment percentage, the yearly interest rate and the loan term, and it instantly shows the monthly payment you will actually owe the bank.
It also totals the interest over the full life of the loan, which is often the eye-opening number. Seeing how much extra a few percentage points of interest cost helps you compare bank offers and choose a shorter term with confidence.
How to use
- Enter the home price in rupees and your down payment percentage.
- Type the yearly interest rate the bank quoted you.
- Choose the loan term in years (up to 30).
- Read the monthly P&I payment, total interest and total paid.
Frequently asked questions
Does this include taxes and insurance?
No. This calculates principal and interest only. Property taxes and insurance are billed separately depending on your country.
What is P&I?
P&I stands for Principal and Interest — the fixed monthly payment that repays the loan itself plus the bank’s interest charge.
How does a bigger down payment help?
A bigger down payment shrinks the loan amount, which lowers both the monthly payment and the total interest you pay over the loan’s life.
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