Mortgage Calculator
Calculate home mortgage EMI with down payment. See loan amount, LTV ratio, total interest and true property cost.
A mortgage is a home loan secured against the property being purchased. Unlike a simple EMI calculator, a mortgage calculator factors in the down payment to show you the actual loan amount, the Loan-to-Value (LTV) ratio, total interest over the life of the loan, and the true cost of homeownership. Understanding these numbers before you buy helps you negotiate better terms, plan your down payment strategy, and compare the total cost of owning versus renting.
📋 How to Use This Calculator
Enter the property value (total price including registration and stamp duty if financed). Enter the down payment as a percentage — RBI mandates minimum 10–25% down depending on loan amount (LTV cap of 75–90%). Enter the interest rate and tenure. The calculator shows the loan amount, LTV ratio, monthly EMI, total interest over the entire tenure, and the true total property cost (loan repayment + down payment). Adjust the down payment percentage to see how higher upfront payment dramatically reduces total interest.
💡 Key Facts & Information
RBI LTV guidelines for home loans: Loans up to ₹30 lakh — max LTV 90% (10% down). ₹30–75 lakh — max LTV 80% (20% down). Above ₹75 lakh — max LTV 75% (25% down). Home loan interest rates (2024): SBI at 8.5–9.65%, HDFC at 8.75–9.65%, ICICI at 8.75–9.75%. Rates are linked to the repo rate via EBLR (External Benchmark Lending Rate). A ₹50 lakh home loan at 9% for 20 years results in ₹54 lakh in interest — you pay more than the property price in interest alone. This makes down payment optimisation and prepayments crucial.