The Free Mortgage Calculator lets you estimate monthly EMI, total interest, and a complete amortization schedule for any home loan. Enter price, down payment, rate, and term to see clear results you can trust—fast, accurate, and mobile-friendly.
The Free Mortgage Calculator lets you estimate monthly EMI, total interest, and a complete amortization schedule for any home loan. Enter price, down payment, rate, and term to see clear results you can trust—fast, accurate, and mobile-friendly.
| Month | P&I | Interest | Principal | Balance |
|---|
Add your home price, down payment percentage, interest rate, and loan term in years or months.
Fill in optional costs like property tax, home insurance, PMI, and HOA fees for a more accurate monthly mortgage estimate.
The calculator will instantly display your monthly EMI, total repayment, interest cost, and amortization schedule.
The Free Mortgage Calculator empowers you to explore different scenarios before committing to a loan. By adjusting values like home price, down payment, interest rate, and tenure, you can test multiple repayment options. This way, you enter negotiations with banks or lenders already knowing what fits your budget.
Manual EMI and interest calculations can take hours and often lead to errors. Our Online Mortgage Calculator removes the guesswork by providing instant, transparent numbers. With one click, you see your monthly installment, yearly costs, and the long-term repayment outlook—helping you make smarter housing decisions in minutes.
A Mortgage Calculator is a free online tool that calculates your home loan EMI (Equated Monthly Installment). Instead of doing manual formulas, it instantly shows your monthly installment, interest cost, and total repayment.
Mortgage EMI is the monthly installment you pay towards your home loan until it is fully cleared. It includes both the principal amount (borrowed money) and the interest charged by the bank. The EMI amount depends on:
Loan amount
Interest rate
Loan tenure
Using the Free Tool Mart Mortgage Calculator, you can plan your repayment in advance.
The formula is:
EMI=P×R×(1+R)N(1+R)N−1EMI = \dfrac{P \times R \times (1+R)^N}{(1+R)^N – 1}
Where:
P = Loan Amount
R = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
N = Loan Tenure in Months
Example:
Loan = 30,00,000 | Interest = 8% p.a. | Tenure = 240 months (20 years)
Monthly interest rate = 0.00667
EMI = 25,093
Total Repayment = 60,22,320 (Principal 30,00,000 + Interest 30,22,320)
With the Free Tool Mart Mortgage Calculator, you can plan your monthly budget with confidence. Knowing your home loan EMI in advance helps you manage income, expenses, and savings while avoiding repayment surprises.
Easily compare mortgage loan offers from different banks or lenders in just a few clicks. Our calculator highlights which option gives you the lowest EMI and repayment cost, helping you make smarter financial decisions before applying.
Forget manual calculations and errors — the Free Tool Mart Mortgage Calculator provides instant and accurate EMI results every time. Whether it’s a housing loan, property loan, or construction loan, the tool ensures hassle-free and precise calculations in seconds.
A Free Mortgage Calculator is an online tool that estimates monthly EMI, total repayment, and interest for home loans. You simply enter home price, down payment, interest rate, loan term, and optional costs like property tax or insurance. The calculator then gives instant results, helping you plan your budget and compare offers with accuracy.
To use the Free Mortgage Calculator, enter loan amount, annual interest rate, and loan term in years or months. Add optional fields like property tax, insurance, PMI, and HOA fees for a complete calculation. Once you click calculate, the tool applies the EMI formula and instantly shows your monthly payment, total interest, and repayment schedule.
The Free Mortgage Calculator helps you avoid surprises by showing your EMI in advance. It lets you test different loan amounts, down payments, and interest rates. By doing this, you can decide which bank offer is affordable, plan your monthly budget, and manage expenses more confidently. It’s a fast, accurate, and mobile-friendly planning tool.
The Free Mortgage Calculator goes beyond basic EMI calculations by including property tax, home insurance, PMI, and HOA fees. These real housing costs are often ignored but impact your monthly budget. By entering them, you get a complete estimate of your true financial obligation. This makes the calculator more realistic and useful for accurate planning.
PMI (Private Mortgage Insurance) is charged when down payment is less than 20% of the home price. It increases your monthly costs until the balance reduces. The Free Mortgage Calculator includes a PMI field so you can see the real impact on EMI. This helps you decide if making a higher down payment is smarter.
The Free Mortgage Calculator uses the standard EMI formula followed by banks, making results highly accurate. It also considers property tax, insurance, PMI, and HOA for a realistic figure. While lender quotes may vary slightly due to fees or rounding, the tool gives you a very close estimate that helps with planning and loan comparisons.
Yes. The Free Mortgage Calculator works for housing loans, property loans, and construction loans. Simply enter your home price, down payment, interest rate, and term. Add optional costs for more accuracy. Whether you’re buying a new home, refinancing, or building, the calculator gives quick EMI results and repayment schedules suitable for all loan types.
Absolutely. By entering different interest rates, down payments, or tenures, the Free Mortgage Calculator lets you compare multiple offers instantly. This shows which bank gives lower EMI, less interest, and better repayment options. It’s the easiest way to make smarter borrowing decisions and select the mortgage plan that best matches your financial needs.
Yes. The Free Mortgage Calculator has a currency option, so you can use it for PKR, USD, EUR, or other currencies. The formulas remain the same. Just input local property prices, rates, and costs like taxes or insurance. This makes it a useful global tool for anyone planning mortgages in different countries or regions.
Yes, the Free Mortgage Calculator on Free Tool Mart is 100% free, unlimited, and mobile-friendly. There are no downloads, sign-ups, or restrictions. You can run unlimited calculations for housing, property, or construction loans. Many people prefer it over manual formulas because it saves time, avoids errors, and delivers instant, accurate results on any device.
Better Financial Planning: Plan monthly budgets with exact EMI details.
Quick Loan Comparison: Compare home loan offers from different banks.
Accurate EMI Results: Get error-free calculations using the standard formula.
Multiple Loan Options: Works for housing loans, property loans, and construction loans.
Mobile-Friendly Tool: Use the Free Tool Mart Mortgage Calculator anytime, anywhere.
Join thousands of users who trust Free Tool Mart for accurate calculations and reliable tools. Start using our free calculators today!
Free Tool Mart provides free online calculators and tools for education and information only. Results are not professional financial, legal, or medical advice. Always verify with experts.
Free Tool Mart provides free online calculators and tools for educational and informational purposes. Results should be verified and are not intended as professional financial, legal, or medical advice. Always consult qualified professionals for important decisions.