Buying a home is one of the biggest financial decisions in India, and understanding all the costs involved is essential. Our Mortgage Calculator India helps you calculate your EMI, total interest, stamp duty, insurance, and processing fees—everything in one place.
Make your homeownership dreams a reality. This mortgage calculator helps you , compare loan options, and find a mortgage that aligns with your budget with estimate monthly payments.
This calculator is perfect for homebuyers who want complete clarity before applying for a home loan.
Mortgage Calculator India
It uses the standard EMI formula. Change property price, down payment, rate and tenure — results update immediately. Stamp duty and processing fee are included to show the full cost estimate.
- Maharashtra — ~5–7%
- Delhi — 4–6% (women concessions exist)
- Gujarat — 4.9%
- Tamil Nadu — 7%
Disclaimer: This calculator provides estimates only. Actual loan terms may vary based on lender policies and individual eligibility.
🛠 Try More Tools on Our Website
For better financial planning, explore our other tools:
➡️ Home Loan EMI Calculator
➡️ Stamp Duty Calculator India
➡️ Loan Eligibility Calculator
➡️ Income Tax Calculator
➡️ SIP Calculator
➡️ Currency Calculator
➡️ Live Share Market Tool
⭐ What Is a Mortgage Calculator in India?
A mortgage calculator (also called a home loan calculator) is an online tool that helps you estimate:
- Monthly EMI payments
- Total interest payable
- Loan repayment schedule
- Stamp duty + registration charges
- Processing fees
- Insurance charges
- Total property purchase cost
This calculator helps you make smarter financial decisions and avoid unexpected surprises.
📘 How to Calculate Home Loan EMI (Formula Explained)
The EMI formula used in India is:
EMI = [P × R × (1 + R)ⁿ] ÷ [(1 + R)ⁿ – 1]
Where:
- P = Principal loan amount
- R = Monthly interest rate (Annual rate ÷ 12 ÷ 100)
- n = Total number of months
Don’t worry—our calculator handles all these calculations instantly.
🧾 State-Wise Stamp Duty Charges in India (Updated 2025)
| State | Male Buyer | Female Buyer | Notes |
|---|---|---|---|
| Delhi | 6% | 4% | Urban only |
| Maharashtra | 5–7% | 5–7% | Depends on metro/non-metro |
| Karnataka | 3–5% | 3–5% | Based on property value |
| Tamil Nadu | 7% | 7% | Standard rate |
| UP | 7% | 6% | Females get 1% rebate |
| Haryana | 7% | 5% | Based on the area |
| Rajasthan | 6–7% | 5–6% | Based on area |
| Gujarat | 4.9% | 4.9% | Same for all |
| West Bengal | 5–6% | 5–6% | Depends on location |
Adding stamp duty helps you estimate the true cost of home buying.
🏦 Latest Home Loan Interest Rates in India (2025)
| Bank | Interest Rate (Starting) | Processing Fee |
|---|---|---|
| SBI | 8.25% | 0% – 0.35% |
| HDFC | 8.40% | ₹3,000 – ₹5,000 |
| ICICI Bank | 8.60% | 0.5% – 1% |
| Axis Bank | 8.75% | 0.35% onwards |
| Bank of Baroda | 8.40% | ₹3,000 |
| Kotak Mahindra | 8.70% | ₹10,000 onwards |
(Exact rates depend on credit score & property location.)
📊 What Our Mortgage Calculator India Includes
Our tool helps you calculate:
- Monthly EMI
- Total interest payable
- Total repayment amount
- Stamp duty + registration fees
- Property insurance
- Processing fees
- Government charges
- Full property cost (loan + extra charges)
This gives you a complete financial picture before buying a home.
🎯 Benefits of Using This Mortgage Calculator India
- 100% free & online
- No signup required
- Accurate EMI & cost breakdown
- Helps in loan planning
- Ideal for first-time homebuyers
- Saves time during property selection
- Helps compare bank loan offers
⚠️ Common Mistakes Indian Buyers Make While Taking Home Loans
Most people make these mistakes:
❌ Not checking the total interest payable
❌ Ignoring stamp duty & registration charges
❌ Taking a long tenure without comparison
❌ Choosing the wrong loan type
❌ Not calculating prepayment benefits
Our calculator helps you avoid these costly mistakes.
❤️ Support Us with a Small Donation
Maintaining free tools takes time, effort, and server resources.
If you find our Mortgage Calculator useful, please consider donating.
Even a small contribution helps keep this service free for everyone.
🙏 Your support means a lot!
❓ Frequently Asked Questions (FAQ)
1. What is a mortgage calculator?
A mortgage calculator estimates EMI, interest, and total home loan cost.
2. How accurate is this calculator?
It uses RBI-approved EMI formulas and is 100% accurate.
3. Does it include stamp duty?
Yes, you can calculate stamp duty based on your state.
4. Will my EMI change if interest rates change?
Yes. Floating interest rates can increase or decrease your EMI.
5. Is this tool free?
Absolutely—this tool is free to use 24/7.