Estimate your monthly home loan payment, total interest, and total repayment.
Your Equated Monthly Installment (EMI) is calculated with the standard amortization formula:
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1)
Where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of monthly installments.
This works for home loans, mortgages and any amortizing loan worldwide — just change the currency context. A US visitor would use this for a 30-year fixed mortgage; a visitor in India for a home loan with a floating or fixed rate.