MORTGAGE CALCULATOR
Strategic home financing analysis. Calculate EMIs, visualize amortization, and optimize your path to homeownership with institutional-grade data.
LOAN COORDINATES
Aurora Canvas v3.0
Market value of the property
Initial equity contribution
Duration of the mortgage
Annual bank lending rate
- Max LTV usually capped at 80-90% of property value.
- Prepaying 1 extra EMI annually can save years of debt.
- Tenure impact: Shorter tenure leads to massive interest savings.
- Interest rates shift: Compare fixed vs floating carefully.
LOAN READINESS
Prepay
Save 25% interest
Secure
Insure your loan
Repayment Amount
Cost of Borrowing
Total Repayable
LIABILITY TRAJECTORY
Amortization Ledger
The Amortization Model
Our mortgage logic uses the Standard Reducing Balance formula. Interest is calculated on the outstanding principal at the beginning of each period, ensuring accuracy with bank-grade standards.
Home Loan FAQ
Fixed rates remain constant throughout the tenure, providing stability. Floating rates change with market conditions (Repo rates) and can be cheaper if the economy is stable, but carry risk during inflation.
It is a detailed table showing each periodic payment of a loan. It tracks exactly how much of each payment goes toward the principal and how much goes toward interest, until the balance is zero.
Any extra amount paid above the regular EMI goes directly toward reducing the principal balance. This reduces the base for future interest calculations, significantly shortening the loan tenure.
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