Calculate net savings after switching existing home loan to a lower interest rate bank

Outstanding Loan Balance (₹)

₹

Existing Rate (% p.a.)

New Bank Rate (% p.a.)

Remaining Tenure (Yrs)

Yrs

Transfer Fees / Charges (₹)

₹

Net Total Savings

+₹3,84,620

Existing Monthly EMI

₹41,188 / month

New Reduced Monthly EMI

₹39,170 / month

Monthly Cash Saved

+₹2,018 / month

Total Gross Interest Saved

₹3,99,620

Switching Cost / Fee

-₹15,000