Home Loan Calculator
Find your exact EMI, how much of it is interest, and how the balance falls every year — then see two real strategies that could pay the loan off years early.
Jump to Calculator ↓EMI & Loan Calculator
Enter what you'd borrow to find your monthly EMI, how much of it is interest, and how the balance shrinks year by year.
= ₹50.00 L
Your EMI
₹43,391
Total interest over 20 yrs: ₹54.14 L
Principal
₹50.00 L
Total interest
₹54.14 L
Total payment
₹1.04 Cr
Year-by-year breakdown
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹99,511 | ₹4.21 L | ₹49.00 L |
| 2 | ₹1.08 L | ₹4.12 L | ₹47.92 L |
| 3 | ₹1.18 L | ₹4.03 L | ₹46.74 L |
| 4 | ₹1.28 L | ₹3.92 L | ₹45.46 L |
| 5 | ₹1.40 L | ₹3.81 L | ₹44.06 L |
| 6 | ₹1.52 L | ₹3.69 L | ₹42.54 L |
| 7 | ₹1.65 L | ₹3.55 L | ₹40.89 L |
| 8 | ₹1.80 L | ₹3.41 L | ₹39.09 L |
| 9 | ₹1.96 L | ₹3.25 L | ₹37.13 L |
| 10 | ₹2.13 L | ₹3.07 L | ₹35.00 L |
| 11 | ₹2.32 L | ₹2.89 L | ₹32.68 L |
| 12 | ₹2.53 L | ₹2.68 L | ₹30.15 L |
| 13 | ₹2.75 L | ₹2.46 L | ₹27.40 L |
| 14 | ₹2.99 L | ₹2.21 L | ₹24.41 L |
| 15 | ₹3.26 L | ₹1.95 L | ₹21.15 L |
| 16 | ₹3.55 L | ₹1.66 L | ₹17.60 L |
| 17 | ₹3.86 L | ₹1.35 L | ₹13.75 L |
| 18 | ₹4.20 L | ₹1.01 L | ₹9.55 L |
| 19 | ₹4.57 L | ₹63,604 | ₹4.97 L |
| 20 | ₹4.97 L | ₹23,202 | ₹0 |
💡 The part most calculators skip
What if your loan paid for itself?
If your investments outgrow your loan's interest rate, that gap can fund your EMI every month — or pay off your principal years early. See exactly how, with the full math, below.
Payoff Strategies
What if your money paid the EMI instead of your salary? Compare an SWP that funds your EMI against a parallel SIP that prepays your principal — with the full year-by-year math, not just the headline number.
Based on ₹50.00 L at 8.5% for 20 yrs — EMI ₹43,391
You invest a lump sum equal to your outstanding loan (₹50.00 L) instead of paying it off. The corpus grows at 12% p.a. while a Systematic Withdrawal Plan (SWP) pulls out money every month to cover the EMI — either the full amount or half of it.
Corpus balance over the loan tenure
SWP funds 100% of EMI
Monthly withdrawal: ₹43,391
Corpus survives the full tenure — ends at ₹1.15 Cr
Show the year-by-year math
| Yr | Opening | Growth | Withdrawn | Closing |
|---|---|---|---|---|
| 1 | ₹50.00 L | +₹6.05 L | -₹5.21 L | ₹50.84 L |
| 2 | ₹50.84 L | +₹6.15 L | -₹5.21 L | ₹51.78 L |
| 3 | ₹51.78 L | +₹6.27 L | -₹5.21 L | ₹52.85 L |
| 4 | ₹52.85 L | +₹6.41 L | -₹5.21 L | ₹54.05 L |
| 5 | ₹54.05 L | +₹6.56 L | -₹5.21 L | ₹55.40 L |
| 6 | ₹55.40 L | +₹6.73 L | -₹5.21 L | ₹56.92 L |
| 7 | ₹56.92 L | +₹6.92 L | -₹5.21 L | ₹58.64 L |
| 8 | ₹58.64 L | +₹7.14 L | -₹5.21 L | ₹60.57 L |
| 9 | ₹60.57 L | +₹7.39 L | -₹5.21 L | ₹62.75 L |
| 10 | ₹62.75 L | +₹7.66 L | -₹5.21 L | ₹65.20 L |
| 11 | ₹65.20 L | +₹7.97 L | -₹5.21 L | ₹67.97 L |
| 12 | ₹67.97 L | +₹8.32 L | -₹5.21 L | ₹71.09 L |
| 13 | ₹71.09 L | +₹8.72 L | -₹5.21 L | ₹74.60 L |
| 14 | ₹74.60 L | +₹9.16 L | -₹5.21 L | ₹78.56 L |
| 15 | ₹78.56 L | +₹9.67 L | -₹5.21 L | ₹83.02 L |
| 16 | ₹83.02 L | +₹10.23 L | -₹5.21 L | ₹88.04 L |
| 17 | ₹88.04 L | +₹10.87 L | -₹5.21 L | ₹93.70 L |
| 18 | ₹93.70 L | +₹11.59 L | -₹5.21 L | ₹1.00 Cr |
| 19 | ₹1.00 Cr | +₹12.40 L | -₹5.21 L | ₹1.07 Cr |
| 20 | ₹1.07 Cr | +₹13.31 L | -₹5.21 L | ₹1.15 Cr |
SWP funds 50% of EMI
Monthly withdrawal: ₹21,696
Corpus survives the full tenure — ends at ₹3.30 Cr
Extra you pay by hand over the tenure: ₹52.07 L
Show the year-by-year math
| Yr | Opening | Growth | Withdrawn | Closing |
|---|---|---|---|---|
| 1 | ₹50.00 L | +₹6.19 L | -₹2.60 L | ₹53.59 L |
| 2 | ₹53.59 L | +₹6.65 L | -₹2.60 L | ₹57.63 L |
| 3 | ₹57.63 L | +₹7.16 L | -₹2.60 L | ₹62.19 L |
| 4 | ₹62.19 L | +₹7.74 L | -₹2.60 L | ₹67.33 L |
| 5 | ₹67.33 L | +₹8.39 L | -₹2.60 L | ₹73.12 L |
| 6 | ₹73.12 L | +₹9.12 L | -₹2.60 L | ₹79.64 L |
| 7 | ₹79.64 L | +₹9.95 L | -₹2.60 L | ₹86.99 L |
| 8 | ₹86.99 L | +₹10.88 L | -₹2.60 L | ₹95.27 L |
| 9 | ₹95.27 L | +₹11.93 L | -₹2.60 L | ₹1.05 Cr |
| 10 | ₹1.05 Cr | +₹13.12 L | -₹2.60 L | ₹1.15 Cr |
| 11 | ₹1.15 Cr | +₹14.45 L | -₹2.60 L | ₹1.27 Cr |
| 12 | ₹1.27 Cr | +₹15.95 L | -₹2.60 L | ₹1.40 Cr |
| 13 | ₹1.40 Cr | +₹17.65 L | -₹2.60 L | ₹1.55 Cr |
| 14 | ₹1.55 Cr | +₹19.55 L | -₹2.60 L | ₹1.72 Cr |
| 15 | ₹1.72 Cr | +₹21.70 L | -₹2.60 L | ₹1.91 Cr |
| 16 | ₹1.91 Cr | +₹24.13 L | -₹2.60 L | ₹2.13 Cr |
| 17 | ₹2.13 Cr | +₹26.86 L | -₹2.60 L | ₹2.37 Cr |
| 18 | ₹2.37 Cr | +₹29.93 L | -₹2.60 L | ₹2.65 Cr |
| 19 | ₹2.65 Cr | +₹33.40 L | -₹2.60 L | ₹2.95 Cr |
| 20 | ₹2.95 Cr | +₹37.30 L | -₹2.60 L | ₹3.30 Cr |
⚠️ Assumes a constant 12% annual return with no volatility — real markets fluctuate, and a bad sequence of early returns can deplete the corpus faster than shown here.
Two Ways to Pay It Off Early
💰 1. Lump Sum + SWP Funds the EMI
Instead of paying down the loan, you invest an equivalent lump sum in a mutual fund or similar instrument. A Systematic Withdrawal Plan (SWP) then withdraws money every month to cover your EMI — either the full amount or half of it. If the fund's growth outpaces your withdrawals, the corpus can survive the entire loan tenure and still have value left over. If it doesn't, the corpus runs dry before the loan is done, and you're back to paying the EMI from your own pocket.
📈 2. Parallel SIP Prepays the Loan
You keep paying your EMI exactly as scheduled, but also invest a fixed amount every month via SIP — 100% or 50% of your EMI. Once a year, whatever has accumulated in that SIP is used to make a lump-sum prepayment against your loan principal. Each prepayment shortens the remaining tenure and cuts the total interest you'll ever pay, with no risk to the loan itself.
Frequently Asked Questions
How is my home loan EMI calculated?
EMI is calculated on a reducing-balance basis using EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan principal, r is the monthly interest rate, and n is the tenure in months. Enter your loan amount, interest rate, and tenure above to see it instantly, along with a year-by-year principal vs. interest breakdown.
What is an SWP and how does it help pay off a home loan?
A Systematic Withdrawal Plan (SWP) lets you withdraw a fixed amount from an investment corpus every month. Instead of paying your EMI from salary, you invest a lump sum and let an SWP withdraw the EMI amount (or half of it) each month — as long as your investment grows faster than you withdraw, the corpus can outlast the loan.
What is the SIP prepayment strategy for a home loan?
You keep paying your normal EMI, and separately invest a fixed amount every month via SIP (Systematic Investment Plan). Once a year, the accumulated SIP corpus is used to make a lump-sum prepayment on the loan principal, which shortens the tenure and reduces total interest paid.
Which strategy saves more money — SWP or SIP prepayment?
It depends on your loan rate versus your expected investment return. SIP prepayment guarantees a shorter tenure and lower interest with no risk to the loan itself, while SWP is a bet that your corpus keeps growing faster than you withdraw. Run both scenarios with your own numbers before deciding.
Also check out our Hidden Cost Calculator → to see the true cost of your purchase, or browse Propzee Insights → for more home-loan and finance guides.