Home Loan & Mortgage Calculator
Work out the monthly payment on a home loan or mortgage — in any of 34 countries, using real central-bank and commercial-bank rates. Enter three numbers and see your payment and total interest instantly.
Choose your country for local rates
Rates, currency and rules differ everywhere. Open the home loan / mortgage calculator tuned to your country:
How your monthly payment is calculated
Every bank in the world uses the same reducing-balance formula: P × r × (1+r)n ÷ ((1+r)n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of months. Whether it is called an EMI in South Asia, a mortgage payment in the US and UK, or a home-finance installment in the Gulf, the math is identical — only the rate and currency change.
Why the rate differs by country
Your rate is anchored to your country's central-bank policy rate plus a commercial-bank margin. That is why a home loan can be ~2% in Japan, ~6–8% in the US and India, and 40%+ in high-inflation economies like Türkiye. Pick your country below to load realistic default rates for local banks, then override with your own bank's quote.
The number most people underestimate
On a typical 20–30 year loan you often repay roughly twice what you borrowed once interest is added. Even a 0.5% lower rate, a larger down payment, or a shorter tenure can save a large sum over the life of the loan — always compare at least three lenders before signing.
Want the full interactive tool?
The homepage version adds amortization schedules, prepay-vs-invest, inflation adjustment and 14 calculators in one place.
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