Loan EMI Calculator
Monthly instalment and what the loan really costs.
Never uploadedMonthly payment including tax and insurance, with the total interest laid out.
The down payment is entered as a percentage of the price.
15, 20 and 30 year presets are one click.
Monthly payment, total interest and total of payments, all shown together.
Principal, interest, and one-twelfth of your annual property tax and home insurance. It excludes PMI, HOA fees and closing costs, so a lender's quote will be a little higher.
Because interest accrues on the outstanding balance for twice as long. On a typical loan the 30-year option can cost more than double the total interest, even though the monthly payment is lower.
No, but below 20% most US lenders add private mortgage insurance, which this calculator does not include. That is usually 0.5-1.5% of the loan per year until you reach 20% equity.
Close but not identical. APR folds in certain lender fees, so it runs slightly higher than the headline interest rate. Use the APR here for a more realistic figure.
Work out a realistic monthly mortgage payment including principal, interest, property tax and home insurance - not just the principal-and-interest figure most calculators stop at. The breakdown shows total interest over the full term, which is the number that actually reveals what a longer loan costs: stretching from 15 to 30 years can more than double the interest paid even though each payment is smaller. PMI, HOA fees and closing costs are excluded, so a lender's quote will run slightly higher.
The last couple are from other categories - there are 81 tools here in total.
Monthly instalment and what the loan really costs.
Never uploadedPercent of, percent change, and what-percent-is.
Never uploadedExact age and the countdown to your next birthday.
Never uploadedDays between two dates, weekdays counted separately.
Never uploadedGitHub-flavoured markdown to clean HTML.
Never uploadedShrink PDFs to fit email, chat, or upload limits.