What is the Home Loan Calculator?

The Home Loan Calculator helps home buyers estimate their monthly mortgage payments and understand the total cost of borrowing when purchasing a property. By entering the loan amount, annual interest rate, and loan term, the tool calculates how much you will need to pay each month, along with the total payment and total interest over the full duration of the loan. This makes it easier for users to plan their finances, compare mortgage options, and make confident decisions when budgeting for a home.

How to Use:

1. Enter Loan Amount: Input the amount you plan to borrow for purchasing the home.
2. Enter Interest Rate: Provide the annual interest rate in percentage.
3. Enter Loan Term: Type the number of years you want to take to repay the loan.
4. Click “Calculate”: The calculator quickly computes your monthly payment, total repayment, and total interest.
5. Review Result: The output presents a clear breakdown of all costs so you can choose the most suitable mortgage plan for your financial situation.