Home Loan EMI Calculator

See what your home really costs: the EMI, plus tax, insurance, maintenance and prepayments.

Lump Sum Step-up SIP Home Loan Monthly Income

Home loan details

Home value (up to ₹10 crore)₹50 lakh

Down payment

₹10 lakh of the home value

Loan insurance added to the loan₹0

Loan amount (home value + insurance − down payment)

₹40,00,000

₹40 lakh

Interest rate (% a year) 8.5%

Tenure (years)

First EMI

Homeowner expenses

One-time costs

₹5 lakh of the home value

Stamp duty, registration and brokerage.

Property tax a year

₹12.5 thousand of the home value

Maintenance a month₹2.5 thousand

Tax and maintenance are shown at today's prices while the loan runs. In real life they rise over time and carry on after the last EMI.

Miscellaneous expenses

Processing fee, home insurance, legal fees, interiors: add what applies to you.

Monthly payment

Principal & interest (EMI)	₹34,713
Recurring prepayments	₹0
Property tax	₹1,042
Maintenance	₹2,500
Total monthly payment	₹38,255

Where the money goes

Down payment & one-time costs	₹15,00,000
Principal	₹40,00,000
Prepayments	₹0
Interest	₹43,31,103
Property tax & maintenance	₹8,50,000

Total of all payments₹1,06,81,103

Payment schedule

Dec 2026 to Nov 2046, 20 yrs

Year-by-year schedule

Year	Principal	Prepaid	Interest	Property tax & maintenance	Total paid	Balance	Loan paid
2026	₹6,380	—	₹28,333	₹3,542	₹38,255	₹39,93,620	0.2%
2027	₹80,173	—	₹3,36,382	₹42,500	₹4,59,055	₹39,13,447	2.2%
2028	₹87,260	—	₹3,29,296	₹42,500	₹4,59,055	₹38,26,188	4.3%
2029	₹94,973	—	₹3,21,583	₹42,500	₹4,59,055	₹37,31,215	6.7%
2030	₹1,03,367	—	₹3,13,188	₹42,500	₹4,59,055	₹36,27,848	9.3%
2031	₹1,12,504	—	₹3,04,051	₹42,500	₹4,59,055	₹35,15,344	12.1%
2032	₹1,22,448	—	₹2,94,107	₹42,500	₹4,59,055	₹33,92,895	15.2%
2033	₹1,33,272	—	₹2,83,283	₹42,500	₹4,59,055	₹32,59,624	18.5%
2034	₹1,45,052	—	₹2,71,503	₹42,500	₹4,59,055	₹31,14,572	22.1%
2035	₹1,57,873	—	₹2,58,682	₹42,500	₹4,59,055	₹29,56,699	26.1%
2036	₹1,71,827	—	₹2,44,728	₹42,500	₹4,59,055	₹27,84,872	30.4%
2037	₹1,87,015	—	₹2,29,540	₹42,500	₹4,59,055	₹25,97,856	35.1%
2038	₹2,03,546	—	₹2,13,009	₹42,500	₹4,59,055	₹23,94,310	40.1%
2039	₹2,21,538	—	₹1,95,018	₹42,500	₹4,59,055	₹21,72,773	45.7%
2040	₹2,41,119	—	₹1,75,436	₹42,500	₹4,59,055	₹19,31,653	51.7%
2041	₹2,62,432	—	₹1,54,123	₹42,500	₹4,59,055	₹16,69,221	58.3%
2042	₹2,85,629	—	₹1,30,926	₹42,500	₹4,59,055	₹13,83,592	65.4%
2043	₹3,10,876	—	₹1,05,679	₹42,500	₹4,59,055	₹10,72,716	73.2%
2044	₹3,38,354	—	₹78,201	₹42,500	₹4,59,055	₹7,34,362	81.6%
2045	₹3,68,262	—	₹48,293	₹42,500	₹4,59,055	₹3,66,100	90.8%
2046	₹3,66,100	—	₹15,742	₹38,958	₹4,20,801	₹0	100.0%

Common questions

How is a home loan EMI calculated?

EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan, r the yearly rate ÷ 12 and n the number of months. ₹40 lakh at 9% for 20 years is an EMI of about ₹35,989.

Should a prepayment reduce my tenure or my EMI?

Reducing the tenure saves the most interest, because you keep paying the same EMI and the loan ends sooner. Reducing the EMI lowers your monthly outgo instead. The calculator shows both.

What does a home cost besides the EMI?

The down payment, stamp duty and registration, then property tax and maintenance every year, plus one-off costs such as a processing fee, home insurance or interiors. Add them to see the full cost.