Loan & EMI Estimator — Calculate monthly loan EMI payments, total interest, and yearly amortization schedule

Year	Starting Balance	Principal Paid	Interest Paid	Ending Balance
1	$250,000	$10,183	$15,950	$239,817
2	$239,817	$10,865	$15,268	$228,952
3	$228,952	$11,593	$14,541	$217,359
4	$217,359	$12,369	$13,764	$204,990
5	$204,990	$13,197	$12,936	$191,793
6	$191,793	$14,081	$12,052	$177,712
7	$177,712	$15,024	$11,109	$162,687
8	$162,687	$16,031	$10,103	$146,657
9	$146,657	$17,104	$9,029	$129,553
10	$129,553	$18,250	$7,884	$111,303
11	$111,303	$19,472	$6,661	$91,831
12	$91,831	$20,776	$5,357	$71,055
13	$71,055	$22,167	$3,966	$48,888
14	$48,888	$23,652	$2,481	$25,236
15	$25,236	$25,236	$897	$0

Year

Starting Balance

Principal Paid

Interest Paid

Ending Balance

$250,000

$10,183

$15,950

$239,817

$10,865

$15,268

$228,952

$11,593

$14,541

$217,359

$12,369

$13,764

$204,990

$13,197

$12,936

$191,793

$14,081

$12,052

$177,712

$15,024

$11,109

$162,687

$16,031

$10,103

$146,657

$17,104

$9,029

$129,553

$18,250

$7,884

$111,303

$19,472

$6,661

$91,831

$20,776

$5,357

$71,055

$22,167

$3,966

$48,888

$23,652

$2,481

$25,236

$897

About Loan & EMI Estimator

Estimate monthly loan installments (EMI), total interest payable, and total loan cost for home loans, auto loans, and personal loans with yearly amortization breakdown.

Key Capabilities & Features

Monthly EMI calculation using standard banking formula
Total interest vs principal ratio breakdown
Yearly balance and interest amortization table
Visual principal/interest proportion bar

How to Use Loan & EMI Estimator

Enter Loan Principal

Input the total borrowed amount.

Set Interest Rate

Enter the annual interest rate percentage.

Set Loan Tenure

Choose duration in years to calculate monthly payment.

Privacy & In-Browser Execution Guarantee

Calculations run in-browser. Financial values are estimates only and do not constitute professional advice.

Frequently Asked Questions

What mathematical formula calculates the Equated Monthly Installment (EMI)?

EMI is computed using the standard banking formula: EMI = [P * r * (1 + r)^n] / [(1 + r)^n - 1], where P is principal loan amount, r is monthly interest rate, and n is total tenure in months.

Does this calculator show the balance between principal and interest over time?

Yes. The results include a full breakdown showing total interest payable, total payment, percentage split between principal and borrowing cost, and an amortization schedule.

Can this tool calculate mortgages, auto loans, and personal loans?

Yes. The EMI engine is suitable for any amortizing loan structure including fixed-rate mortgages, auto financing, student loans, and personal credit lines.