Loan payments
Mortgage and EMI share one amortization formula. The inputs and what they solve for are different.
- Mortgage — Loan amount, APR, and term in years. Monthly principal and interest only.
- EMI — Principal, annual rate, and tenure in months. Monthly payment, interest, and total.
- Loan payoff — Balance, APR, and a payment you choose. Returns the months until the balance is gone.