Fixed vs Floating Interest Calculator
Compare the EMI, total interest and potential cost difference between a fixed-rate loan and a floating-rate loan.
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Assumed average annual change in the floating rate. Use 0% if you want a flat-rate scenario.
The floating scenario adjusts the rate at this interval while keeping the remaining tenure unchanged.
Comparison Result
Fixed EMI
₹43,391
Floating Initial EMI
₹43,391
Fixed Total Interest
₹54,13,840
Floating Total Interest
₹54,13,840
Estimated Floating vs Fixed Interest Difference
₹0
Based on the selected floating-rate scenario.
Fixed Total Repayment
₹1,04,13,840
Floating Total Repayment
₹1,04,13,840
Floating Rate at End
8.50%
Floating Interest Change
0.00%
Floating-Rate Scenario by Year
| Year | Floating Rate | Opening Balance | EMI | Interest Paid | Closing Balance |
|---|
How to read this comparison: The fixed scenario assumes the fixed rate remains unchanged for the full tenure. The floating scenario starts at the selected rate and changes according to the assumed annual rate change and reset frequency. This is a scenario model, not a forecast of future market rates.
Important: Actual floating home-loan rates may change based on the lender's benchmark, spread and reset mechanism. A lender may change the EMI, tenure, or both when rates reset. Actual fixed-rate products can also have product-specific conditions and may not remain fixed for the entire loan term.
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