What could a prepayment change?
Compare interest saved, your payoff date and a lower EMI. Start with your loan, then try a one-time or recurring prepayment.
Home Loan Details
Plan a prepayment
Extra payments follow the regular EMI. Monthly and one-time payments start the next month; quarterly and yearly start 3 or 12 months after the count above. Amounts are capped at the balance.
Your three options
The same loan and prepayment budget, with a different repayment strategy. All amounts are estimates.
| Measure | No prepayment | Reduce tenure | Reduce EMI |
|---|
Selected schedule: reduce tenure
Payment Break-up
Yearly Principal, Interest & Balance Chart
Selected repayment schedule
| Year | Principal Paid | Prepayment | Interest Paid | Total Payment | Balance |
|---|
Click any year to expand its monthly payment schedule.
How to read this home loan prepayment calculator
Keeping EMI unchanged usually repays the modeled balance sooner. Reducing EMI frees monthly cash while recalculating over the original remaining term. Compare interest savings with your available cash; this model does not estimate returns from investing that cash elsewhere.
Worked example
For a ₹1,20,000 loan at 0% over 12 months, EMI is ₹10,000. A ₹20,000 extra payment after the first EMI ends a fixed-EMI loan in month 10. Reduce-EMI mode instead sets the next EMI to ₹8,181.82 and ends in month 12. Both save ₹0 interest.
Method and assumptions
Both strategies apply the extra after the regular payment. The lower-EMI strategy recalculates the remaining balance over the months left in the original term; the shorter-tenure strategy keeps the original EMI.
A fixed-rate reducing-balance loan with monthly payments in arrears. Financed insurance is included in principal. Prepayments follow the regular payment, are capped at the remaining balance, and either reduce tenure with fixed EMI or recalculate EMI from the next payment over the original remaining term. Recurring extras keep their entered amount in both modes; the lower-EMI mode does not reinvest EMI savings. “After” means completed months: a one-time or monthly prepayment starts the next month; quarterly and yearly payments first occur 3 or 12 months later.
Recurring property tax, home insurance and maintenance are counted over the original selected tenure, even when the loan ends earlier. Total cost adds down payment, fees, one-time costs, loan principal, interest and those ownership costs. Prepayments are already part of principal. The monthly total is the initial EMI plus ownership costs; subsequent EMIs can fall in reduce-EMI mode. It it excludes extra prepayments. No rate resets, price growth or prepayment charges. Schedule dates identify payment months; amounts use full precision internally.
Checks and limitations
Example and model checked on . These are software calculation checks, not a professional review of your finances. Displayed rupees may differ slightly from unrounded totals.
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