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The most detailed Home Loan planner. Factor in Home Value, Down Payment, Loan Insurance, Property Taxes, and multiple Prepayment strategies.
Amount: ₹10,00,000
This is your out-of-pocket cash. It includes the Down Payment (Margin Money) and bank processing Fees & Charges. Higher DP means lower loan EMI.
Making small Extra Payments early in the tenure drastically reduces the total Interest paid and shortens the loan period significantly.
Don't forget Taxes, Insurance, and Maintenance. These are ongoing monthly/yearly expenses that contribute to the "True Cost" of ownership.
Disclaimer: This calculator is for estimation only. Actual bank interest rates, processing fees, and tax implications may vary. Consult with your financial advisor or bank representative before making decisions.
Initial Payment (DP + Fees)
₹10.00 Lakh
Regular Monthly EMI
₹35,989
Total Monthly Payment
₹35,989
Extra Part-Payments
₹0
Effective Tenure
20.0 Years
Original
20 Years
Total Interest Paid
₹46.37 Lakh
Loan Ends In
Dec 2045
Breakdown of the absolute total financial commitment over the loan life.
Visualizing the components of your annual payments.
Most home loans have **floating interest rates**. Our Variable Rate feature allows you to input "Repo Rate" hikes. A 0.5% rate hike on a 20-year loan can add nearly 2 years to your tenure if not compensated.
Extra Part-Payments go directly towards your **Principal**. Reducing the principal early saves on all future interest compounding. Using **Step-Up EMI** or **Step-Up Part-Payments** ensures you pay off the loan exponentially faster.
**Reduce Tenure** is mathematically superior as it maintains high monthly payments, crushing the interest faster. **Reduce EMI** is better for cash-flow flexibility but results in higher total interest paid.
Home ownership includes Maintenance, Property Taxes, and Insurance. These are often ignored in simple calculators. Our **Homeowner Expenses** section ensures you know the "Real Cost of Ownership" beyond just the EMI.
Set a **5% EMI Step-Up** annually. Since most salaries increase year-over-year, this keeps your relative loan burden same while cutting a 20-year loan down to ~12 years automatically!
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