# SBI Mortgage Towards Property EMI Calculator, SBIMortgage Mortgage Calculator 2021

The amortization schedule breaks the month-wise calculation of principal and curiosity quantity you can be paying within the type of your EMIs. In easy phrases, with every month’s EMI, the share of curiosity and the principal quantity retains altering, whereas the previous retains on decreasing the later carry on rising. That’s why if you happen to resolve to prepay your loan within the first few years you will discover out that you’ve paid a really small proportion of the principal sum. Allow us to perceive this higher with the assistance of an illustration.

Illustration: The way to learn an amortization schedule

Suppose you borrow a Mortgage Towards Property of ₹ 15 Lakh from SBI for five years at an rate of interest of 8.80%, the EMI calculated for this loan quantity could be ₹ 30,992 and the entire annual EMIs to be paid yearly is ₹ 3,71,906. The SBI Mortgage Towards Property EMI schedule for five years is defined under within the desk –

### Amortization Schedule for a Mortgage Towards Property of ₹ 15 Lakh over the 5 years

Yr Curiosity paid through the 12 months Principal repaid through the 12 months Complete quantity paid through the 12 months (Curiosity + Principal) Excellent Principal
2021 ₹ 1,12,756 ₹ 2,28,157 ₹ 3,40,913 ₹ 12,71,843
2022 ₹ 1,01,176 ₹ 2,70,730 ₹ 3,71,906 ₹ 10,01,113
2023 ₹ 76,367 ₹ 2,95,539 ₹ 3,71,906 ₹ 7,05,574
2024 ₹ 49,284 ₹ 3,22,622 ₹ 3,71,906 ₹ 3,82,952
2025 ₹ 19,720 ₹ 3,52,186 ₹ 3,71,906 ₹ 30,767
2026 ₹ 226 ₹ 30,767 ₹ 30,992 ₹ 0