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HomeLoan Pro
Your monthly EMI — plus the upfront costs Indian mortgages don't finance.
Unlike a US mortgage, an Indian home loan EMI is purely principal + interest — property tax and home insurance are paid separately by the owner directly, not bundled into the monthly payment through an escrow account.
Stamp duty (typically 5-7% of property value, varying by state) plus registration charges are paid once at purchase, out of pocket — not financed as part of the loan — and are often the most overlooked cost when budgeting for a home in India.
Estimate monthly payments with taxes, insurance, and amortization.
OpenCompare loan terms and see total interest paid.
OpenProject growth from deposits and compounding interest.
OpenAnnualized returns for any holding period.
OpenWhat you entered
Loan amount (property price − down payment)
$400,000.00 − $80,000.00= $320,000.00Loan tenure in months
20 years × 12= 240 monthsMonthly interest rate
8.5% ÷ 12= 0.7083%EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1)
$320,000.00 × 0.7083% × (1+r)^240 ÷ (...)= $2,777.03Total payment over the tenure
$2,777.03 × 240 months= $666,488.24Total interest paid
$666,488.24 − $320,000.00= $346,488.24One-time processing fee
$320,000.00 × 0.5%= $1,600.00Stamp duty & registration (paid separately, not financed)
$400,000.00 × 6%= $24,000.00Result
Monthly EMI: $2,777
Financing $320,000 at 8.5% for 20 years costs $346,488 in interest. Add the one-time processing fee of $1,600 and stamp duty & registration of $24,000 (paid upfront, not financed) when budgeting for the total cost of this home.