Mortgage Calculator
Calculate your monthly mortgage payments including principal, interest, taxes, insurance, and other costs.
Mortgage Details
Additional Costs (Optional)
Monthly Payment
Enter mortgage details to calculate payments
About the mortgage calculator
Estimate monthly mortgage principal and interest, then add optional annual property tax, home insurance, PMI, and HOA costs to see a broader monthly payment estimate.
How to use it
- Enter the home price, down payment, loan term, and annual interest rate.
- Optionally enter annual taxes, insurance, PMI, and HOA fees.
- Select Calculate Mortgage to review the payment estimate and first-year amortization.
Formula
Monthly principal and interest = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)
Example
For a ₹5,000,000 home with a ₹1,000,000 down payment, the financed principal is ₹4,000,000; the monthly estimate depends on the selected rate and term.
Important notes
This is an estimate, not a lending decision or affordability assessment. Property taxes, insurance, PMI, HOA fees, lender fees, rate changes, and local rules can materially change the actual payment.