India Mortgage Calculator
Your loan
Pre-filled estimate: central-bank rate 5.25% plus a typical lender margin. Replace it with your lender's offer.
- Principal & interest₹50,373
Upfront costs
- Down payment₹15,00,000
- Stamp duty%₹4,50,000
- Registration fees%₹75,000
- Lender fees%₹37,500
- Cash needed at purchase₹20,62,500
What if interest rates change?
Your payment today is just the start. See how it could move if rates go up or down during your loan.
Range: 7.65% to 8.45% · The rate resets once a year.
Likely range of your monthly payment
- Most likely
- 80% of outcomes
- Middle 50% of outcomes
- If today's rate holds
In 8 out of 10 simulated futures, you pay between ₹59,46,760 and ₹62,31,971 in total interest (today's rate: ₹60,89,585).
| Scenario | Avg. monthly | Highest monthly | Total interest | vs. today |
|---|---|---|---|---|
| Rate stays at 8.05% | ₹50,373 | ₹50,373 | ₹60,89,585 | — |
| Drops to 7.65% at first reset | ₹49,002 | ₹50,373 | ₹57,60,473 | ▼ −₹3,29,112 |
| Rises to 8.45% at first reset | ₹51,763 | ₹51,837 | ₹64,23,212 | ▲ +₹3,33,627 |
| Climbs steadily to 8.45% | ₹50,862 | ₹51,188 | ₹62,06,972 | ▲ +₹1,17,387 |
| Falls steadily to 7.65% | ₹49,888 | ₹50,373 | ₹59,73,152 | ▼ −₹1,16,433 |
| Spikes to 8.45% for 3 years | ₹50,726 | ₹51,837 | ₹61,74,291 | ▲ +₹84,706 |
Based on 600 simulated rate paths that drift randomly within your range and tend back toward today's rate. This is an illustration, not a forecast.
Loan balance over time
- Remaining balance
- Interest paid (cumulative)
- Principal paid (cumulative)
Interest rates in India
Monthly averages. Sources: Bank for International Settlements
Shows the central-bank policy rate. Mortgage rates are usually higher.
Buying a home in India: rules and costs
- Most home loans are floating-rate and linked to an external benchmark such as the RBI repo rate.
- Stamp duty is set by each state (typically 5–7%), often lower for women buyers, plus about 1% registration.
- RBI caps loan-to-value at 90% for loans up to ₹30 lakh, 80% up to ₹75 lakh and 75% above.
- Banks may not charge prepayment penalties on floating-rate home loans to individuals.
Sources: Reserve Bank of India · Rules last reviewed 2026-10.
Frequently asked questions
How is the monthly mortgage payment calculated?
For an equal-payment loan, the payment is P × i × (1 + i)^n ÷ ((1 + i)^n − 1), where P is the loan amount, i the monthly interest rate and n the number of months. Taxes, insurance and fees are added on top.
What is the current average mortgage rate in India?
India does not publish an official average mortgage rate that we can track. Ask several lenders for quotes and enter the rate in the calculator.
How much does a 1-point rate rise change my payment?
On a ₹60,00,000 loan over 20 years, going from 8.05% to 9.05% raises the monthly payment from ₹50,373 to ₹54,177 — about ₹3,803 more each month.
What upfront costs should I budget for in India?
On a ₹75,00,000 purchase, expect about ₹5,62,500 in taxes and fees on top of your down payment. The breakdown is shown in the calculator above.
Can this calculator predict future interest rates?
No. The scenario tool shows a range of possible outcomes based on the band you choose. Nobody can predict rates reliably — use it to check whether you could still afford the loan if rates rise.