Mortgage Calculator

Estimate monthly home-loan repayments and total interest.

Enter values

Home loan amount

Interest rate

% p.a.

Term

years

—

principal

Outstanding balance over time

Amortisation schedule · yearly

YrPrincipalInterestBalance

The formula

EMI = P · r · (1 + r)ⁿ / ((1 + r)ⁿ − 1)

A mortgage is an amortising loan: each fixed payment covers the interest accrued that month, and whatever is left reduces the balance. This estimates principal and interest only — property taxes, insurance and fees are real costs that vary too much by location to include.

All calculations run locally in your browser and update instantly as you type.

Example calculations

Common questions this calculator answers — select one to load its values.

What are the repayments on a $400,000 mortgage at 6.5% over 25 years? Monthly EMI $2,700.83 What are the repayments on a $300,000 mortgage at 5% over 30 years? Monthly EMI $1,610.46

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Frequently asked questions

Does this include taxes and insurance?+

No — this estimates principal and interest only. Property tax, insurance and fees vary by location and lender.

All calculations run locally in your browser. Nothing you type is sent to a server.