Home Loan EMI Calculator
Home loan EMI, total interest and payoff for long tenures, with rate and tenure scenarios and the prepayment maths lenders don't lead with.
Methodology & assumptions
how this number is producedEMI = P·r·(1+r)ⁿ/((1+r)ⁿ−1) · r = annual/12/100 · total interest = EMI×n − P
Assumptions
- Reducing-balance amortisation with a constant rate for the full tenure
- Floating-rate repricing, processing fees, stamp duty, registration and insurance are NOT included — see the true-cost calculator for fees
- Prepayment effects are not modelled in the headline numbers
Limitations
- Your lender's sanction letter is authoritative — rates float with the benchmark (RLLR) and will move during a long tenure
- Property transaction costs (stamp duty 3–6% by state, registration) sit outside this loan math
- Indicative only — not an offer, approval or financial advice
Results are informational estimates produced by MyCapitalverse's own models. They are not financial advice and may differ from how a lender, insurer or authority computes the same figure.
How to use the Home Loan EMI calculator
- Enter the property loan amount, rate and tenure in years.
- Compare the EMI with total interest over the full term.
- Use the scenarios to test a rate change or a shorter tenure.
About this tool
Home loans run 15–30 years, so small rate changes move total interest by lakhs. This shows the EMI and what the full tenure really costs.
Built and reviewed by Savitar Finance (savitarfinance@gmail.com). Rules and rates last checked October 2026. How we calculate · Report a problem
Questions people ask
How much interest do I pay on a 30-year home loan?
At 8.5% for 30 years, total interest is roughly 1.8 times the amount borrowed. Prepaying early in the tenure cuts it the most.
Should I choose a longer tenure or prepay?
A longer tenure keeps the EMI low; regular prepayment then shortens the loan. That combination keeps flexibility while still saving interest.