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Mortgage / Home Loan Calculator
Calculate monthly home loan payments, total interest, and full amortization schedule for India, UAE, and US properties.
Banks typically finance 75-90% of property value
Auto-calculated from property value minus down payment
Typical rates: 8.0% – 9.5%
Max 30 years
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Monthly Payment
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Loan Amount
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Down Payment
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Total Interest
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Total Cost
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Amortization Schedule
Frequently Asked Questions
EMI = P × r × (1+r)n / ((1+r)n − 1), where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the total number of monthly installments. This is the standard reducing-balance formula used by banks worldwide.
India: Banks typically finance 75–90% of property value, so 10–25% down payment. For loans above ₹75 lakh, LTV is capped at 75%.
UAE: Minimum 20% for residents (first property), 25% for non-residents as per CBUAE regulation.
US: Conventional loans require 3–20% down. Below 20% requires Private Mortgage Insurance (PMI).
UAE: Minimum 20% for residents (first property), 25% for non-residents as per CBUAE regulation.
US: Conventional loans require 3–20% down. Below 20% requires Private Mortgage Insurance (PMI).
India: Up to 30 years, subject to the borrower’s age at maturity (typically 60–70 years).
UAE: Maximum 25 years. Borrower must be max 65 (employed) or 70 (self-employed) at maturity.
US: 15-year and 30-year fixed-rate mortgages are most common.
UAE: Maximum 25 years. Borrower must be max 65 (employed) or 70 (self-employed) at maturity.
US: 15-year and 30-year fixed-rate mortgages are most common.
India: Most banks offer floating rates linked to the repo rate (currently 8–9.5%). Fixed-rate home loans are rare.
UAE: Fixed-rate periods of 1–5 years are common, then the rate reverts to a variable (EIBOR-based) rate.
US: Both 15-year and 30-year fixed-rate mortgages are widely available. Adjustable Rate Mortgages (ARMs) also exist.
UAE: Fixed-rate periods of 1–5 years are common, then the rate reverts to a variable (EIBOR-based) rate.
US: Both 15-year and 30-year fixed-rate mortgages are widely available. Adjustable Rate Mortgages (ARMs) also exist.
India: RBI mandates zero prepayment penalty on floating-rate home loans. Fixed-rate loans may have a 2–3% charge.
UAE & US: Prepayment terms vary by lender. Check your loan agreement for early repayment charges. In the US, most conventional loans have no prepayment penalty.
UAE & US: Prepayment terms vary by lender. Check your loan agreement for early repayment charges. In the US, most conventional loans have no prepayment penalty.
India: Stamp duty (5–7%), registration (1%), processing fee (0.5–1%), legal charges, home insurance.
UAE: DLD fee (4% in Dubai), Oqood fee (off-plan), mortgage registration (0.25%), processing fee, valuation fee.
US: Closing costs (2–5%), property tax, homeowners insurance, PMI (if <20% down), HOA fees.
UAE: DLD fee (4% in Dubai), Oqood fee (off-plan), mortgage registration (0.25%), processing fee, valuation fee.
US: Closing costs (2–5%), property tax, homeowners insurance, PMI (if <20% down), HOA fees.
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⚠️ Disclaimer: This mortgage calculator provides estimated figures based on a standard reducing-balance formula. Actual mortgage terms, interest rates, processing fees, stamp duty, registration charges, insurance, and eligibility criteria vary by lender and jurisdiction. Country-specific rules shown are for general guidance only. This tool is for informational purposes only — please consult your bank, a licensed mortgage advisor, or a qualified financial professional for accurate quotes and advice.