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Mortgage Calculator

Calculate your home loan payments in Indian Rupees (₹) to plan your dream home purchase.

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Calculate Your Mortgage Payments

How Our Mortgage Calculator Works

Our Mortgage Calculator helps Indian homebuyers calculate their home loan payments in Indian Rupees (₹). It computes the loan amount, monthly payment, total interest, total amount paid, and breaks down principal and interest for the first year. A bar chart visualizes the first-year principal and interest payments.

Calculation Logic

For a 50,00,000 home with ₹10,00,000 down payment at 7% interest over 20 years, the loan amount is ₹40,00,000. The calculator computes a monthly payment of ₹31,677. Total amount paid is ₹76,02,480, with ₹36,02,480 in interest. In the first year, approximately ₹1,05,000 goes to principal and ₹2,75,124 to interest. The bar chart shows these first-year values.

Steps to Use

Enter the home price (e.g., ₹50,00,000).
Input the down payment (e.g., ₹10,00,000).
Specify the annual interest rate (e.g., 7%) and loan term (e.g., 20 years).
Click "Calculate" to view monthly payment, total interest, and first-year breakdown.
Review the bar chart for principal and interest paid in the first year.

Why Use Our Mortgage Calculator?

Buying a home is a significant milestone for Indian families, and understanding your mortgage payments is crucial. Our Mortgage Calculator, designed for Indian homebuyers, helps you plan your home loan in Indian Rupees (₹). It calculates your monthly payments, total interest, and first-year principal vs. interest breakdown, with a bar chart for clarity. Here’s why every Indian homebuyer should use it.

Plan Your Home Purchase

Knowing your monthly mortgage payment helps you choose a home within your budget.

Monthly Payment: 31,677 for a ₹40,00,000 loan at 7% over 20 years.
Loan Amount: ₹50,00,000 home with 10,00,000 down payment.
Total Cost: ₹36,02,480 interest over 20 years.

Anjali, a Mumbai-based IT professional, used our calculator for a ₹60,00,000 flat with ₹12,00,000 down. Her ₹37,123 monthly payment fit her 80,000 monthly income, guiding her purchase.

Budget for Your Mortgage

Accurate payment projections ensure your mortgage aligns with your financial goals.

Affordable Payments: ₹31,677 monthly suits a ₹60,000 income.
Long-Term Planning: ₹76,02,480 total paid over 20 years.
Adjust Terms: 15-year term increases payment to ₹43,168 but saves 10,00,000 in interest.

Vikram, a Hyderabad-based engineer, planned a ₹45,00,000 home loan with ₹9,00,000 down. His ₹33,995 monthly payment fit his ₹70,000 monthly budget, ensuring financial stability.

Minimize Interest Costs

Understanding principal vs. interest helps you strategize prepayments to reduce costs.

Early Interest: ₹2,75,124 interest in year one, higher than later years.
Prepay Principal: ₹2,00,000 extra in year one saves ₹80,000 in interest.
Compare Rates: 6.5% vs. 7% saves ₹2,50,000 over 20 years.

Anjali prepaid ₹3,00,000 in year two, reducing her interest by ₹1,20,000, thanks to insights from our calculator.

Tailored for Indian Homebuyers

Our calculator reflects Indian home prices (₹20,00,000-₹2,00,00,000), interest rates (6-9%), and loan terms (10-30 years). It’s free and user-friendly.

Realistic Scenarios: ₹31,677 monthly suits urban homebuyers.
Indian Loans: Home loans at 6.5-8.5% from banks like SBI, HDFC.
Flexible: Adjust price, down payment, or term for personalized plans.

From first-time buyers to property investors, our Mortgage Calculator empowers you to make informed home loan decisions. Start using it above to plan your dream home today!