Home Loan EMI Calculator
Calculate your monthly home loan EMI, total interest and total payment with the standard EMI formula. — free, fast and private.
Example: $1,000,000 loan at 8% for 20 years → EMI about $8,364 per month, total interest about $1,007,000.
How to use Home Loan EMI Calculator
- Enter the home loan amount (principal).
- Enter the annual interest rate.
- Enter the loan tenure in years.
- Click Calculate to see your monthly EMI, total interest and total payment.
Note: this tool runs in your browser. Nothing is uploaded.
Frequently Asked Questions
What is the EMI formula?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate and n is the number of monthly payments.
What is the difference between EMI and interest?
EMI is your fixed monthly payment. Part of each EMI pays interest and part repays the principal — early payments are mostly interest.
Does a longer tenure lower my EMI?
Yes, but you pay much more total interest. A shorter tenure means a higher EMI and far less interest overall.
Is my data uploaded anywhere?
No. All calculations run in your browser and your numbers are never sent to a server.