Courses

Courses for Kids

Free study material

Store

Talk to our experts

1800-120-456-456

Amortization Calculator: Calculate Your Loan Repayment Schedule

How Does an Amortization Calculator Work?

Loan Amount (₹): Annual Interest Rate (%): Loan Term (years): Payment Frequency: Extra Payment per Period (₹): (optional)

What is Real Estate Calculator?

A Real Estate Calculator is a specialized tool designed to help you evaluate property loan payments, EMIs, and amortization schedules instantly. It simplifies complex calculations involved in home loans, mortgages, and real estate investments for buyers, investors, or sellers.

With an online real estate calculator, you can determine exact monthly repayments, compare loan scenarios, and understand long-term payment values with a single click. It saves time and reduces manual error using verified, finance-standard formulas.

Formula Behind Real Estate Calculator

The main logic uses the EMI formula: EMI = [P × r × (1+r)^n] / [(1+r)^n - 1], where P is principal, r is periodic (monthly/quarterly/yearly) rate, and n is total payments. The calculator also applies amortization logic to display interest, principal, and balance for each period, including the effect of any extra payments.

Real Estate Calculator Conversion Table

Input (Amount, Rate, Years)	Monthly EMI (₹)	Total Interest Paid (₹)
₹10,00,000, 8%, 20	8,364	9,07,276
₹5,00,000, 9%, 5	10,377	1,22,682
₹25,00,000, 7.5%, 15	23,175	16,71,526

Steps to Use Real Estate Calculator

Enter your desired loan amount, interest rate, and term in the appropriate boxes.
Select payment frequency and add any extra payments if applicable.
Click "Calculate" to instantly get your EMI and detailed amortization schedule.

Why Use Vedantu’s Real Estate Calculator?

Vedantu’s Real Estate Calculator offers instant, accurate answers for loan planning, reducing complex EMI calculations to a simple online process. It is optimized for mobile, easy to use, and does not require any advanced financial knowledge.

You can compare different loan options side-by-side, visualize repayment breakdowns, and plan lump-sum prepayments or refinancing efficiently. Plus, linked tools such as the Loan Calculator or Compound Interest Calculator provide full financial clarity for students and home buyers.

Applications of Real Estate Calculator

Common uses include planning home loans, mortgage repayments, rental property investments, and evaluating alternative financing scenarios before property purchase. The tool is equally helpful for sellers, buyers, and real estate agents aiming for transparency.

From students studying real-life finance maths to families considering a property upgrade, this calculator allows quick scenario testing. Explore related tools such as the Mortgage Calculator and Auto Loan Calculator to further streamline your financial decisions within the Vedantu ecosystem.

FAQs on Amortization Calculator: Calculate Your Loan Repayment Schedule

1. What is an amortization calculator and how does it work?

An amortization calculator is a tool that helps you understand how your loan payments are structured over time. It breaks down each payment into the principal (the amount you borrowed) and interest portions. The calculator works by using a formula that takes into account the loan amount, interest rate, and loan term to calculate your monthly payment and create a detailed amortization schedule showing the breakdown of each payment.

2. What is the formula for calculating loan amortization?

The standard amortization formula is a bit complex, but essentially calculates the equal monthly installment (EMI) using the loan's principal amount (P), monthly interest rate (r), and loan term in months (n): EMI = P * r * (1 + r)^n / ((1 + r)^n - 1). However, our calculator handles this complex calculation for you, so you only need to input your loan details.

3. How do I use the Vedantu amortization calculator?

Using our calculator is simple! Just enter your loan amount (principal), annual interest rate, loan term (in years), and select your payment frequency (usually monthly). The calculator will then instantly generate your amortization schedule, showing your monthly payment and the breakdown of principal and interest for each payment.

4. What is the difference between amortization and depreciation?

While both involve spreading out a cost over time, amortization applies to intangible assets (like loans or copyrights), while depreciation applies to tangible assets (like machinery or buildings). Amortization reduces the book value of an intangible asset over its useful life, just as depreciation reduces the book value of a tangible asset.

5. How can I create an amortization schedule using an amortization calculator?

Our calculator automatically generates the amortization schedule once you input the loan details. The schedule shows a breakdown of each payment over the loan's lifetime, indicating the portion allocated to principal repayment and interest. You can easily review this table to visualize your loan repayment progress.

6. What information do I need to use a loan amortization calculator?

To use our amortization calculator, you will need the following information: Loan Amount (Principal), Annual Interest Rate, Loan Term (in years), and the Payment Frequency (usually monthly). Optional inputs might include extra payments or balloon payments.

7. What does an amortization schedule show?

An amortization schedule provides a detailed breakdown of each loan payment. It shows the payment number, the payment amount, the portion of the payment applied towards the principal, the portion applied towards interest, and the remaining principal balance. This allows you to track your loan repayment progress visually.

8. How does making extra payments affect my loan amortization?

Making extra payments on your loan reduces the principal balance faster. This, in turn, reduces the total interest you pay over the life of the loan and shortens the time it takes to pay off the loan completely. Our calculator allows you to factor in extra payments to see their impact.

9. Can I use this calculator for different types of loans (e.g., mortgage, car loan)?

Yes, this calculator can be used for various loan types, including mortgages, car loans, and personal loans. The key is to accurately input the principal, interest rate, and loan term. Remember to ensure the interest rate and loan term align with the terms of your specific loan agreement.

10. What is a balloon payment in the context of loan amortization?

A balloon payment is a significantly larger payment made at the end of a loan term. This final payment often covers the remaining principal balance that wasn't fully paid off through regular monthly installments. Our calculator can help you understand how a balloon payment impacts your overall loan repayment.

11. How does the interest rate affect my monthly payment and total interest paid?

A higher interest rate results in a larger monthly payment and significantly increases the total interest you pay over the loan's lifetime. Conversely, a lower interest rate leads to smaller monthly payments and reduces the overall interest paid. Use our calculator to compare different interest rates and their impact.

12. What is the significance of the loan term (length) in amortization?

The loan term, or length of the loan, directly impacts your monthly payment and total interest paid. A longer loan term leads to smaller monthly payments but results in higher total interest paid over time. A shorter loan term means higher monthly payments, but you’ll pay less interest overall. Experiment with different terms using our calculator.