What this calculator is
This mortgage and home loan calculator is a free, interactive planning tool designed to help individuals better understand the long-term impact of home loan decisions. Rather than focusing only on a single EMI number, it allows you to explore how different choices affect interest cost, loan tenure, affordability, and overall financial comfort over time.
Why this calculator exists
Home loans are among the largest and longest financial commitments most people make. Yet, many online calculators available today provide only basic EMI outputs and do not allow users to explore what-if scenarios in a meaningful, interactive way.
While building and using existing tools, I felt there was no single place where a person could easily see how small changes — such as a slightly higher down payment, a marginally different interest rate, or an early prepayment — could translate into a very large difference in total interest paid over the life of the loan.
The intent behind building this calculator is to help individuals assess their situation more clearly and make more informed decisions. Rising household indebtedness is a growing concern, and even small improvements in loan structure or repayment discipline can meaningfully reduce long-term financial stress.
This tool is offered free to use (at least initially) with the belief that better information and clearer visibility can help people make healthier borrowing decisions.
What you can explore with this tool
- Monthly EMI, total interest, and full amortization schedules for new and existing home loans
- How extra prepayments or lump-sum payments affect interest savings and payoff timelines
- Affordability checks based on income, expenses, and commonly used financial guidelines
- Interest rate stress tests to understand resilience to future rate increases
- Side-by-side comparisons of alternate loan structures (rate, tenure, down payment)
- Rent vs Buy analysis to evaluate long-term housing decisions
Independence and neutrality
This calculator is independent and neutral. It does not promote, recommend, or endorse any lender, bank, financial institution, or financial product. There are no commissions or incentives influencing the calculations or outputs.
All scenarios are driven purely by the inputs you provide and by commonly used financial formulas and assumptions.
Using this tool responsibly
This calculator is intended as a planning and educational aid. The results are indicative and are not a substitute for personalised financial, legal, or tax advice. Actual loan terms may vary based on lender policies, fees, regulations, and individual circumstances.
Important financial decisions should always be made in consultation with qualified professionals who understand your specific situation.