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🏙️ Mortgage Repayment Calculator
Estimate your exact mortgage payments including property taxes and home insurance. Calculate your EMI and view a detailed yearly amortization schedule.
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%
Yrs
Mos
Dys
₹
₹
Mortgage Payment Summary
TOTAL MONTHLY PAYMENT
0
(Includes Principal, Interest, Tax & Insurance)
TOTAL INTEREST PAYABLE
0
TOTAL LOAN COST
0
(Over entire duration)
Amortization Formula:
$$M = P \left[ \frac{r(1+r)^n}{(1+r)^n – 1} \right]$$
Total Cost Breakdown
Principal
Total Interest
Tax & Insurance
📅 Yearly Amortization Schedule
| Year | Opening Balance | Principal Paid | Interest Paid | Ending Balance |
|---|
Understanding Your Mortgage Repayment
Calculating a mortgage goes beyond just the loan amount and interest rate. Real-world Mortgage Repayments often include PITI (Principal, Interest, Taxes, and Insurance). This calculator allows you to input exact property taxes and home insurance to give you a true estimate of your monthly out-of-pocket expenses.
The Power of Amortization: In the early years of your loan, the vast majority of your monthly payment goes toward paying off the interest, with very little reducing the principal. By viewing our detailed Yearly Schedule, you can see exactly when the “tipping point” occurs and your payments start heavily reducing your actual debt.
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