Compare Home Loan EMI: ₹50 Lakh @ 7.5% (20 Years) vs ₹75 Lakh @ 8% (20 Years)
Scenario A
Scenario B
Scenario A
Loan Amount: ₹50 Lakh
Interest Rate: 7.5%
Tenure: 20 Years
Monthly EMI: ₹40,280
Total Payment: ₹96.7 Lakh
Total Interest: ₹46.7 Lakh
Scenario B
Loan Amount: ₹75 Lakh
Interest Rate: 8%
Tenure: 20 Years
Monthly EMI: ₹62,733
Total Payment: ₹1.5 Crore
Total Interest: ₹75.6 Lakh
Difference
EMI Difference: ₹22,453
Total Payment Difference: ₹53.9 Lakh
Total Interest Difference: ₹28.9 Lakh