# Math Calculator & Tools

## Online home loan calculator or calculation

**Fixed rate home loan repayment calc**

Simple fixed rate housing loan repayment calculator is used to calculate monthly paid emi, total paid interest only and total repayment of house loan. Monthly repayment of a housing loan is calculated based on the principle amount, interest rate and Number of years/terms or loan maturity period of your home loan. By using this calculator you can make calculation of monthly repayment of home loan, total repayment of the house loan and also this calculator denotes only the interest which is paid till the loan ends. In below textbox provide inputs like Loan amount/ Principle amount of housing loan, Interest rate and The terms of hose loan. This online mobile home loan calculator helps you to calculate your emi for the mentioned period of time and rate of interest only.

### Simple fixed rate housing loan repayment calculator

A mortgage home loan is a loan obtained by a home buyer from a financial institution like bank to purchase the house. The word mortgage is a French Law term meaning death contract, meaning that the pledge ends (dies) when either the obligation is fulfilled or the property is taken through foreclosure. In general a housing loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan. According to this word you will be only owner when the agreement is fulfilled. This online personal finance assessment tool to calculate the monthly payment and total repayment of housing loan.

There are different types of mortgage housing loan, where interest might be fixed for entire life cycle for the loan or variable / floating interest rate, where the interest rate may get changed time to time depending upon the terms conditions of the mortgage loan provider or financial institution. Some finance companies might charge for prepayment penalty for your home loan limit or restrict prepayment of all or a portion of the loan.

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