MORGAGE SUMMARY
Loan Amount (Principal)
Monthly Payment
Total Payment
Total Interest
Loan Rate
Loan Term
🏠 How to Use the Mortgage Calculator
Step 1: Enter Home Price
Provide the total price of the home you want to buy.
Example: ₹50,00,000
Step 2: Enter Down Payment
Enter the initial amount you will pay upfront.
Example: ₹10,00,000
Step 3: Enter Interest Rate
Provide the annual interest rate on your loan (in %).
Example: 8
Step 4: Enter Loan Term
Specify the length of the loan in years.
Example: 12
Step 5: Click “Calculate”
Press the Calculate button to see your mortgage summary.
📊 What Results You’ll See
- Loan Amount (Principal): The amount you will borrow after down payment.
- Monthly Payment: Your estimated monthly mortgage payment.
- Total Payment: Total amount paid over the entire loan term including interest.
- Total Interest: Total interest paid over the life of the loan.
- Loan Rate: The interest rate used for the calculation.
- Loan Term: The loan duration in years.
Note: This is an estimate and actual amounts may vary based on lender and market conditions.
Purpose Loan Calculator
