# Home Loan - Mortgage Rate

Online financial calculator that allows you to calculate the total re-payment tenure of a loan. Enter monthly EMI payment and the rate of interest in the fields given below to calculate the total debt to be repaid.

## Home Loan – Mortgage Rate

Monthly Income (Rs.)

Other Income(Rs.)

Monthly Expeniture(Rs.)

Term of Loan

1 year 2 years 3 years 4 years 5 years 6 years 7 years 8 years 9 years 10 years 11 years 12 years 13 years 14 years 15 years 16 years 17 years 18 years 19 years 20 years Annual Interest Rate on loan (0-30%) (% )

Home Loan Value (Rs.)=

Total Interest (Rs.)=

Monthly Payment (Rs.)=

**Formula Used:**

House Value = monthly×( ( 1+I / (100*12) )

^{years×12}-1 )/( I / ( 100×12 )×( ( I / ( 100×12 ) ) + 1 )

^{year*12})

Where,

Monthly = (monthly income + other income - monthly expeniture) × 28 /100

I = Interest