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Mortgage Calculator

Calculate your total monthly mortgage payment including taxes and insurance.

How this is calculated
Total payment = EMI (principal + interest) + monthly property tax + monthly insurance + monthly HOA

Assumptions used in this calculation

  • Default tax, insurance and HOA figures: Property tax, homeowners insurance and HOA/maintenance are not user inputs here, the example uses representative defaults (₹24,000/yr tax, ₹12,000/yr insurance, ₹1,000/mo HOA). Substitute your own figures for an accurate total.
  • Interest method: The principal-and-interest portion uses the same monthly reducing-balance formula as the EMI calculator.

About this calculator

The mortgage calculator computes your full monthly housing payment, principal, interest, property tax, homeowners insurance, and HOA/maintenance (PITI), not just the loan's principal-and-interest EMI.

Worked example

₹25,00,000 loan, 9%, 20 years, ₹24,000/yr tax, ₹12,000/yr insurance, ₹1,000/mo HOA

Result: Total monthly payment ≈ ₹25,493

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