Home Loan / Mortgage Calculator
Result
Home Loan / Mortgage Calculator is a financial calculator that helps you calculate loan or mortgage payment amounts and total repayment cost. The formula used is: Loan = Property Price − Down Payment\nEMI = Loan × r × (1+r)^n / ((1+r)^n − 1)\nLTV = Loan / Property Price × 100. Enter monetary values in your local currency. Enter interest rates as plain numbers (e.g. enter 5 for 5 %).
Formula
Example Calculation
- Property Price (PKR): 8000000 PKR
- Down Payment (PKR): 1600000 PKR
- Annual Interest Rate: 22 %
- Loan Tenure: 20 years
Suppose you enter: Property Price (PKR) = 8000000, Down Payment (PKR) = 1600000, Annual Interest Rate = 22, Loan Tenure = 20. The calculator applies the formula (Loan = Property Price − Down Payment\nEMI = Loan × r × (1+r)^n / ((1+r)^n − 1)\nLTV = Loan / Property Price × 100) and shows all output values below. Change any input field to immediately see how the result changes.