Mortgage Loan EMI Calculator

The best and free Mortgage Loan EMI Calculator to calculate your Mortgage Loan EMI Online. With the help of our EMI Calculator, you will be able to calculate the exact EMI of your mortgage loan by entering the Mortgage Loan Amount, Rate of Interest, & Mortgage Loan Tenure.


Mortgage Loan EMI


Total Interest Payable


Total Payment
(Principal + Interest)


Break-up of Total Payment

What is an EMI?

EMI means "Equated Monthly Installments." It is fundamentally the amount that the lender will deduct from your bank account every month toward the loan you are taking from the bank or lender. The EMI combines some part of the principal component of the loan and the interest component of the loan. In short, the total payable amount is split into two components called principal and interest, which collectively make it an EMI

How EMI is calculated?

EMI calculation depends on three things, Loan Amount that you have availed from the bank, Interest Rate that the bank is charging, and the Tenure for which you have taken the loan. Below is the formula to calculate the Loan EMI:

EMI = (P * I) * (1 + I) ^ N / [(1+I) ^ N - 1]

P = Principal Amount of your Loan
I = Rate of Interest charged by bank for your Mortgage Loan
N = Repayment Period of your Mortgage Loan
EMI = Your total monthly Mortgage Payment

Amortization Schedule for repayment of your Mortgage Loan

Year Principal
Total Payment
(A + B)
Balance Loan Paid to Date
2023 3,662 1,168 4,830 21,338 15.00 %
2024 4,642 1,154 5,796 16,696 33.00 %
2025 4,928 868 5,796 11,768 53.00 %
2026 5,232 564 5,796 6,535 74.00 %
2027 5,555 241 5,796 980 96.00 %
2028 959 7 966 0 100.00 %

How to use Mortgage Loan EMI Calculator?

Our Mortgage Loan EMI Calculator is a very easy to use, intuitive, and quick performing EMI calculator. You just need to know the total mortgage loan amount you are looking for, the rate of interest on which you are availing your loan, & the loan term.

Once you have

  1. The Loan Amount
  2. Rate of Interest
  3. Loan Tenure

Enter the details in the Mortgage Loan EMI Calculator as inputs, and hit the “Calculate EMI” button.

On the right side of the screen, you will see the Mortgage Loan EMI, Total Interest Payable, & Total Payment that you will do during your loan tenure.

You can also see the percentage-wise breakup of your payment in the colorful chart below the EMI details. From this chart, you will be able to understand the percentage of your total payment towards your Principal Loan Amount and the percentage of your payment towards the Interest you paid on your loan.