Home Loan EMI Calculator
Work out your monthly home loan EMI — and the total interest and repayment over the full tenure.
Annual rate (APR).
Monthly EMI
$2,528.27Total interest
$510,177.95Over 360 payments
Total repayment
$910,177.95Private — runs entirely in your browser. Nothing is sent or stored.
This tool is for education and planning only. It is not financial advice. Your inputs run in your browser and are not stored by Recurrings.
The payment that defines the budget
A home loan is, for most people, the single largest recurring payment they'll ever commit to — and it runs for decades. The EMI (Equated Monthly Instalment) is the fixed amount that covers both interest and principal so the loan is fully repaid by the end of the tenure. Change the amount, rate, or tenure to see how each moves the monthly figure.
Watch the total interest line: over a long tenure it can approach — or exceed — the amount you borrowed. A slightly higher rate or longer term quietly adds years of payments.
How this fits into your recurring money
An EMI is the most consequential recurring commitment there is: fixed, long-running, and the anchor every other recurring cost has to fit around. Knowing it exactly — and seeing it next to your rent-free future, insurance, and everything else that repeats — is the whole point.
Recurrings treats the loan like any other recurring obligation: tracked every month, sitting in the same picture as your subscriptions, premiums, and bills, so the full weight of what repeats is never spread across a dozen places.
The math
EMI = P · r · (1 + r)^n / ((1 + r)^n − 1)
r = annual rate ÷ 12, n = years × 12The payment is sized so that, at the monthly interest rate r, all n instalments exactly clear the principal P. Early payments are mostly interest (charged on the larger outstanding balance) and gradually tip toward principal — the reason total interest piles up over a long tenure.
This is the principal-and-interest EMI only. Property taxes, home insurance, and maintenance sit on top, so your true monthly housing cost is higher than the figure here. It's an estimate for planning, not a loan offer.
Common questions
What is an EMI?
EMI stands for Equated Monthly Instalment — the fixed amount you pay each month that covers both interest and principal, sized so the loan is fully paid off by the end of the tenure. It's the same math as a US mortgage payment.
Why is so much of the early EMI interest?
Interest is charged on the outstanding balance, which is highest at the start. Early payments are mostly interest and slowly tip toward principal — which is why the total interest over a long tenure can rival the loan itself.
What does this estimate leave out?
Just the principal-and-interest EMI. Property taxes, home insurance, maintenance, and any processing fees are on top — real housing cost is higher than the EMI alone.
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Your biggest recurring payment, tracked
Recurrings keeps your home loan alongside every other recurring cost — the full picture of what leaves your account each month.
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