Mortgage Calculator
Calculate your full monthly mortgage payment — principal, interest, property tax, insurance, PMI and HOA — from the home price and down payment. Free, with an amortization schedule.
Your monthly payment is ₹1,26,413.60 over 30 years.
Outstanding balance by year
Year-by-year amortization schedule
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹2,23,545 | ₹12,93,418 | ₹1,97,76,455 |
| 2 | ₹2,38,516 | ₹12,78,447 | ₹1,95,37,939 |
| 3 | ₹2,54,490 | ₹12,62,473 | ₹1,92,83,448 |
| 4 | ₹2,71,534 | ₹12,45,429 | ₹1,90,11,914 |
| 5 | ₹2,89,719 | ₹12,27,244 | ₹1,87,22,195 |
| 6 | ₹3,09,122 | ₹12,07,841 | ₹1,84,13,073 |
| 7 | ₹3,29,825 | ₹11,87,139 | ₹1,80,83,249 |
| 8 | ₹3,51,913 | ₹11,65,050 | ₹1,77,31,335 |
| 9 | ₹3,75,482 | ₹11,41,481 | ₹1,73,55,854 |
| 10 | ₹4,00,628 | ₹11,16,335 | ₹1,69,55,225 |
| 11 | ₹4,27,459 | ₹10,89,504 | ₹1,65,27,766 |
| 12 | ₹4,56,087 | ₹10,60,876 | ₹1,60,71,679 |
| 13 | ₹4,86,632 | ₹10,30,331 | ₹1,55,85,047 |
| 14 | ₹5,19,223 | ₹9,97,741 | ₹1,50,65,824 |
| 15 | ₹5,53,996 | ₹9,62,967 | ₹1,45,11,828 |
| 16 | ₹5,91,098 | ₹9,25,865 | ₹1,39,20,730 |
| 17 | ₹6,30,685 | ₹8,86,278 | ₹1,32,90,045 |
| 18 | ₹6,72,923 | ₹8,44,040 | ₹1,26,17,122 |
| 19 | ₹7,17,990 | ₹7,98,973 | ₹1,18,99,132 |
| 20 | ₹7,66,075 | ₹7,50,888 | ₹1,11,33,057 |
| 21 | ₹8,17,381 | ₹6,99,583 | ₹1,03,15,676 |
| 22 | ₹8,72,122 | ₹6,44,841 | ₹94,43,554 |
| 23 | ₹9,30,530 | ₹5,86,433 | ₹85,13,024 |
| 24 | ₹9,92,849 | ₹5,24,114 | ₹75,20,175 |
| 25 | ₹10,59,342 | ₹4,57,621 | ₹64,60,832 |
| 26 | ₹11,30,288 | ₹3,86,675 | ₹53,30,544 |
| 27 | ₹12,05,986 | ₹3,10,978 | ₹41,24,558 |
| 28 | ₹12,86,753 | ₹2,30,210 | ₹28,37,806 |
| 29 | ₹13,72,929 | ₹1,44,034 | ₹14,64,877 |
| 30 | ₹14,64,877 | ₹52,087 | ₹0 |
Frequently asked questions
How is the monthly mortgage payment calculated?
It uses the standard amortization formula: M = P x [i(1+i)^n] / [(1+i)^n - 1], where P is the loan amount, i is the monthly interest rate, and n is the number of monthly payments.
Does this include taxes, insurance and PMI?
Yes, if you enter them. Property tax (yearly % of the price), home insurance, HOA or maintenance and PMI are added to the loan payment for an all-in monthly figure. Leave them at 0 to see principal and interest only.
When does PMI stop?
PMI only applies when the down payment is under 20%. The calculator charges it as a yearly % of the original loan until the balance falls to 78% of the home price, the point where US lenders must cancel it automatically. On a 400,000 home with 10% down at 6.5% over 30 years, that takes 109 payments; an extra 300 a month cuts it to 65.
Are my mortgage details stored?
No. The loan amount, rate and term stay in your browser — nothing is sent to a server, and there is no signup.
Related tools
Read the guide: Mortgage Principal vs Interest, Explained
Results are estimates for illustration only and not financial advice.