EMI & Loan Calculator
Advanced loan & mortgage calculator with real-time prepayment modeling, multi-currency support, early payoff savings, interactive charts, and detailed amortization schedules.
Currency:
$
$5,000
$1,000,000+
%
1%
12.5%
25%
1 Year
15 Years
30 Years
$
Enable Prepayment Modeling
Calculate exact interest saved and loan tenure reduction
$
Added to every monthly EMI
$
Paid once every 12 months
$
One-off extra payment
Installment number (e.g. Month 12)
Monthly EMI Payment
$
2,014
Standard EMI
Payoff Date: Oct 2046
Principal
$250,000
Total Interest
$233,354
Total Payable
$483,354
Early Payoff Benefit
Accelerated Plan
Total Interest Saved:
$0
Tenure Reduced By:
0 Months
Principal
51.7%
Interest
48.3%
Ratio:
1.07 : 1
Complete Amortization Schedule
Year-by-year payment schedule with expandable monthly installments.
| Year / Month | Opening Balance | EMI Paid | Principal Repaid | Interest Paid | Extra Prepayment | Closing Balance |
|---|
Side-by-Side Loan Comparison
Compare two different loan offers (interest rates, amounts, or tenures) to see which option saves you more money over time.
A
Loan Offer A (Baseline)
Option 1
Monthly EMI:
$2,014
Total Interest:
$233,354
Total Cost:
$483,354
B
Loan Offer B (Alternative)
Option 2
Monthly EMI:
$2,036
Total Interest:
$189,776
Total Cost:
$439,776
Optimal Financial Choice
Loan B saves you $43,578 in total interest!
While Option B has a slightly higher monthly EMI of $22, you pay off the loan 2 years earlier and save thousands in total borrowing costs.