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Loan & EMI Calculator

Calculate monthly EMI, total interest and full amortization schedule for any loan.

Currency:
$450,000.00
$90,000.00

Loan Principal: $360,000.00

6.5%
30 years

Monthly Payment

$2,275.44

$819,160.16
Total Paid
$459,160.16
Total Interest

Payment Breakdown

Principal 43.9%
Interest 56.1%

📖 How to Use This Loan Calculator

Workflow

  1. Select your currency and a loan preset, or enter your own details.
  2. Enter the purchase price and your down payment.
  3. Adjust the interest rate and term to see your monthly payment.
  4. Toggle to Bi-Weekly payments to see interest savings.
  5. Download your full Amortization Schedule as a CSV.
  6. Use the Affordability tab to see how much house you can safely afford.

Understanding the Metrics

  • Down Payment: The upfront cash you pay. Reduces your loan principal.
  • Bi-Weekly Payments: Making half-payments every two weeks results in 26 payments/year (one extra month), saving you significant interest.
  • DTI (Debt-to-Income): Lenders prefer your housing payment to be under 28% of your income, and total debts under 36%.
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