Enter the home price, down payment, interest rate and term. The calculator uses the standard amortization formula to find the monthly principal and interest, adds property tax, insurance and service charges, and shows a year-by-year schedule. Estimate your monthly home loan payment, total interest and how the balance falls each year.
What does this tool do?
Estimates home-loan monthly payments, total interest and payoff schedule from loan amount, rate and tenure — including the effect of extra payments. See how a shorter tenure or bigger down payment changes everything.
Because the math runs locally, the Mortgage Calculator works offline after the page loads and never queues behind a server — handy during load-shedding or on slow mobile data. There is nothing to install and no account to create; the page is the whole application, ready in the time it takes to open a tab.
The controls are straightforward: the inputs are “Home price”, “Down payment”, “Interest rate (%)”, “Loan term”, “Property tax per year” and “Home insurance per year” (and a few more); the “years” control offers “30 years”, “25 years”, “20 years”, “15 years” and “10 years”. Results update live as you work — there is no waiting and nothing to submit.
How do I use this tool?
Enter your figures below — every result updates the instant you type, so comparing scenarios is just a matter of changing a number and watching the answer move.
- Enter your values in “Home price”, “Down payment”, “Interest rate (%)” and the other fields.
- Results update instantly as you type — no button to press.
How does it work?
Same amortisation math as EMI: payment = P·r(1+r)n/((1+r)n−1). Extra monthly payments cut principal directly, shortening the loan more than proportionally — the schedule view shows the interest saved.
The formula used is the standard one taught and published for this calculation — the tool does not invent methods. Where conventions differ (rounding, day-count, tax treatment), the page follows the common Pakistani practice and says so, so the result matches what local institutions expect.
Use cases in Pakistan
Home financing in Pakistan (Mera Pakistan Mera Ghar and bank products) runs 15–20 years; borrowers compare a 20-year vs 15-year term and discover the shorter loan saves lakhs in interest. Plot-file buyers and apartment investors use it to check whether expected rent covers the instalment — the basic viability test for leveraged property.
Families use it for household budgeting and school-fee planning; small businesses for pricing and payroll math; students for everything from BISE numericals to CSS preparation. Wherever the same calculation is repeated monthly — bills, salaries, savings targets — this page replaces the phone-calculator ritual.
Limitations
Pakistani home finance is often variable-rate (KIBOR-linked) or Islamic (diminishing musharakah) — fixed-rate amortisation is an approximation. Processing fees, insurance, transfer taxes and valuation charges are excluded; banks quote those separately.
Assumptions are stated on the page — read them before trusting the headline number for money, health or legal decisions. A calculator amplifies the quality of its inputs: careful numbers in, trustworthy numbers out.
Frequently asked questions
How much house can I afford?
Banks typically cap instalments at 40–50% of income. Enter candidate loan amounts and check the payment against your budget. For figures that go into applications or documents, double-check the inputs against the source — the math is exact, but only for the numbers you enter.
Shorter tenure or bigger down payment?
Both cut interest; compare the total-interest figures. Shorter tenure usually wins per rupee, but raises the monthly burden. Try varying one input at a time to see which assumption drives the result; that sensitivity check is often more valuable than the headline number.
Do extra payments help much?
Enormously early on, when payments are mostly interest. Even Rs 10,000/month extra can shave years off. Save or screenshot the result with its inputs when the figure matters later — reconstructing “what did I enter?” is harder than it sounds.
Fixed vs variable rate?
Fixed gives certainty; variable (KIBOR-linked) moves with policy rates. This tool models fixed — treat variable as a scenario. For figures that go into applications or documents, double-check the inputs against the source — the math is exact, but only for the numbers you enter.
Is my data uploaded or stored?
No. This tool runs entirely in your browser — what you type or paste never leaves your device, is never sent to a server, and is never stored. Closing the tab removes all trace. Try varying one input at a time to see which assumption drives the result; that sensitivity check is often more valuable than the headline number.
Is it really free? Do I need an account?
Yes, free, and no account needed. Open the page and use it — no sign-up, no trial, no watermark on results. Save or screenshot the result with its inputs when the figure matters later — reconstructing “what did I enter?” is harder than it sounds.
Updated October 2026 · Built and tested by Sharjeel Tahir · How our tools are tested