Mortgage Calculator Calculate EMI & Interest

Mortgage Calculator is one of the most essential financial tools for anyone planning to buy a home, refinance an existing mortgage, or explore loan repayment strategies. Our advanced Mortgage Calculator helps you instantly calculate your monthly mortgage payments (EMI), total interest, and total repayment amount, allowing you to make informed decisions about your finances.

This free online Mortgage Calculator is designed for homeowners, first-time buyers, real estate investors, and financial planners. By entering just three key details  Loan Amount, Interest Rate, and Loan Term our calculator provides an accurate estimate of how much you will pay each month. You can also add extra monthly payments to see how paying a little more each month reduces your total interest and shortens your loan term.

Key Features of Mortgage Calculator

Instant Monthly Payment Calculation

Enter your loan amount, interest rate, and repayment term, and the Mortgage Calculator instantly shows your monthly payment. No complicated formulas, no manual math  just quick, accurate results.

Extra Monthly Payment Support

One of the most powerful features of this Mortgage Calculator is the ability to add an extra monthly payment. This shows how much faster you can pay off your loan and how much interest you can save. Even a small extra payment can save thousands over the life of the mortgage.

Total Interest & Total Payment

Besides showing your monthly EMI, this calculator displays your total interest paid and total loan repayment amount, giving you a complete financial picture of your mortgage.

Amortization Schedule

Our Mortgage Calculator with Amortization Schedule provides a detailed month-by-month table showing how each payment is split between principal and interest, as well as your remaining balance after each month. This helps you understand how your mortgage balance decreases over time and when you will become debt-free.

Why Use a Mortgage Calculator?

A Mortgage Calculator is more than just a convenience — it’s a decision-making tool. By using it before committing to a loan, you can:

• Compare different interest rates and loan terms.
• See how small changes in loan amount affect your monthly budget.
• Evaluate if a property is truly affordable for your income level.
• Experiment with extra payments to reduce the loan term and interest cost.
• Gain peace of mind by understanding your long-term financial commitment.

Who Can Benefit From This Mortgage Calculator?

• Home Buyers: Calculate what house price you can afford.
• Real Estate Investors: Estimate ROI and mortgage impact on rental cash flow.
• Homeowners: See how refinancing or extra payments can save money.
• Financial Advisors: Use it as a tool to show clients repayment projections.

Why Our Mortgage Calculator Is Better

Unlike basic calculators, our Mortgage Calculator provides:

• A clear, detailed breakdown of every payment.
• Interactive amortization schedule with a show/hide option for a cleaner experience.
• Extra payment feature to calculate interest savings and early payoff dates.
• Mobile-friendly design that works perfectly on any device.

With these features, you’re not just calculating numbers  you’re planning your financial future.