Home Loan Calculator
Home Loan refers to money that is borrowed from a bank or any similar organization for the purpose of buying a house or apartment. Home Loan calculation is based on the EMI of the monthly income that is earned by the loan owner. A home loan requires you to pledge your home as the lender's security for repayment of your loan. The lender agrees to hold the title or deed to your property until you have paid back your loan plus interest.
House Value = monthly *((1+I /(100*12)years*12 -1)/ (I/100*12)*(( I/100*12))+1) years*12)
Monthly = (monthly income + other income – monthly expenditure) *28/100
I = Interest