Loan Calculators

Loan Calculators - Understand Every Rupee You Borrow

A loan is a long-term financial commitment. Borrowing ₹50 lakh at 9% for 20 years means paying back nearly ₹1.08 crore in total - more than double the principal. Understanding exactly what a loan costs before signing is the difference between a comfortable EMI and a financial strain.

Twenty-Seven Loan Calculators

Mortgage Comparison Calculator - Side-by-side comparison of two mortgage offers showing monthly payment, total interest, total paid, and remaining balance at 5, 10, 15, and 20-year milestones. Term Compare mode shows 15, 20, and 30-year options simultaneously with interest saved versus the 30-year baseline for each shorter term.

Mortgage Acceleration Calculator - Compare four payoff strategies side by side: extra monthly payment, annual lump sum, biweekly payments, and no acceleration baseline. Strategy Compare mode shows total interest and payoff term for each; Target Payoff mode back-solves the exact extra monthly payment needed to reach any payoff date.

Jumbo Loan Calculator - Calculate monthly payments for mortgages above the 2025 FHFA conforming limit of $806,500. Two modes: Monthly Payment (loan amount, rate, term) and Qualify Check (income, debts, down payment). Shows first-month interest-vs-principal breakdown, total interest, and minimum income required to qualify for a jumbo mortgage.

Mortgage Penalty Calculator - Calculate the cost of breaking your mortgage early. Two modes: Penalty Estimator (shows 3-month interest penalty, IRD penalty, and the applicable higher amount as a percentage of your balance) and Break-Even Analysis (enter the penalty and new rate to see monthly savings, break-even months, and net 5-year savings from refinancing).

Pag-IBIG Housing Loan Calculator - Official 2025 Pag-IBIG Fund rates (HDMF Circular 274) for all 8 repricing periods from 5.375% to 10%. Monthly Payment mode shows amortization, total interest, and total paid. Affordability Check mode uses the 35% capacity to pay rule to compute the maximum loan for any gross monthly income up to the PHP 6,000,000 program ceiling.

Mortgage Points Calculator - Calculate whether buying discount points is worth it. Two modes: compare a specific number of points against your base rate (shows upfront cost, monthly savings, break-even period, and lifetime savings) or find exactly how many points you need to reach a target rate. Supports 15, 20, and 30-year terms.

Mortgage Calculator with Taxes and Insurance - Calculate your complete monthly mortgage payment including principal, interest, property taxes, homeowners insurance, HOA fees, and PMI. Enter your loan amount and housing costs to see the full PITI breakdown, annual cost, total interest paid, and total of all payments over the loan life.

ARM Mortgage Calculator - Calculate your adjustable rate mortgage payment for the fixed period and after adjustment. Supports 3/1, 5/1, 7/1, and 10/1 ARM types. Shows initial payment, adjusted payment, max payment at lifetime cap, balance at reset, and total interest estimate.

Mortgage Rate Calculator - Two modes: (1) calculate monthly payment for any loan amount, interest rate, and term (15, 20, or 30 years); (2) Rate Finder: enter your loan amount and target monthly payment to find the exact interest rate you need to qualify for. Shows total interest, total paid, and interest as a percentage of the loan.

Home Affordability Calculator - Enter your income, existing debts, down payment, interest rate, and property tax rate to find the maximum home price you can afford. Applies both the 28% front-end and 36-43-50% back-end DTI rules. Shows full PITI breakdown and your debt-to-income ratios.

Biweekly Mortgage Calculator - See exactly how much interest you save and how many years you cut by switching to biweekly payments. Shows standard vs biweekly comparison with optional extra payment and full time/interest savings breakdown.

Bi-Weekly Mortgage Payment Calculator - Calculates your exact bi-weekly payment amount, total interest saved versus a monthly schedule, projected payoff date, and years saved. Includes a year-by-year outstanding balance comparison table for both monthly and bi-weekly schedules, plus an optional extra-per-period field to model accelerated payoff.

Down Payment Calculator - Calculate exactly how much you need to save, your loan-to-value ratio, estimated PMI, and closing costs. Enter your home price, target down payment percentage, and monthly savings to see how long until you reach your goal.

VA Loan Calculator - Calculate your complete VA loan monthly payment including P&I, VA Funding Fee (2.15% first use, 3.30% subsequent, 0% for disabled veterans), property tax, and homeowners insurance. No PMI required on VA loans.

FHA Loan Calculator - Calculate your complete FHA monthly payment including principal, interest, upfront MIP (1.75%), annual MIP per HUD guidelines, property tax, and homeowners insurance. Shows MIP duration and total lifetime MIP cost.

Mortgage Refinance Calculator - Determines whether refinancing your mortgage makes financial sense. Enter your current balance, rate, and remaining term, then compare against a new rate and term. Instantly see your monthly savings, break-even period, and net savings after closing costs.

Home Mortgage Calculator - The complete home mortgage calculator with full PITI breakdown. Enter home price, down payment, rate, and term, then add property tax and insurance to see the true monthly cost - including automatic PMI when your down payment is below 20%.

Mortgage Amortization Calculator - Generate a full amortization schedule with monthly and yearly views. Enter an extra monthly payment to instantly see how much interest you save and how many months it cuts from your loan.

EMI Calculator - The most-used loan calculator in India. Uses the reducing-balance formula EMI = P × r × (1+r)^n / ((1+r)^n − 1) and includes a full month-by-month amortisation schedule showing principal vs. interest for every payment.

Personal Loan Calculator - Personal loans are unsecured and typically carry higher rates (11–24% p.a.). Quickly assess affordability and total interest cost for short-to-medium tenure borrowing.

Auto Loan Calculator - Car loans typically run 3–7 years at 8–12% p.a. Enter on-road price, down payment, rate, and tenure to find your monthly EMI and total interest.

Mortgage Calculator - Home loans up to ₹10 crore and 30-year tenure. Shows how a 0.5% rate change affects your monthly outflow and lifetime interest cost.

Loan Comparison Calculator - Compare two loan offers side-by-side: different principals, rates, tenures, or processing fee structures. Shows which offer costs less in total - not just which has the lower EMI.

Mortgage Payoff Calculator - Shows exactly how many months you save and how much total interest you avoid by adding extra monthly payments to your mortgage. Two modes: enter a fixed extra monthly amount or set a target payoff date to find the required extra payment.

Mortgage with Extra Payments Calculator - Full year-by-year amortization table showing principal paid, interest paid, and remaining balance with your extra monthly payment factored in. Also includes a Compare Scenarios tab that displays no extra, plus $100, plus $200, and plus $500 per month side by side.

Mortgage Prepayment Calculator - See how much interest you save and how many months you cut by making a one-time lump-sum prepayment or adding a fixed extra monthly amount to your mortgage. Side-by-side original vs new total cost comparison with payoff date.

Interest-Only Mortgage Calculator - Calculate your IO monthly payment, the post-IO amortizing payment jump, and a side-by-side comparison with a conventional mortgage. Shows total interest for both structures and the exact extra cost of the IO loan.

Loan Prepayment Calculator - Shows the interest saved and tenure reduction from a lump-sum part-prepayment on an existing loan. Critical for anyone deciding whether to use a bonus or maturing investment to pay down debt.

Key Concepts

Reducing Balance vs. Flat Rate - Indian banks use the reducing-balance method for all EMI loans. Each EMI first covers interest on the outstanding balance; the rest reduces principal. Flat-rate loans charge interest on the full original principal for the entire tenure - a 10% flat-rate is approximately 18% on a reducing-balance basis.

How to choose - Start with the EMI Calculator to assess affordability. Then use the Loan Comparison Calculator when you have offers from multiple banks. If you already have a loan, run the Loan Prepayment Calculator whenever you have surplus funds.