A LAP Calculator or a mortgage EMI calculator can help you plan your finances and assess your application before submitting it. If the EMI derived seems unsupportable by the current income proofs, you can readjust your loan amount, tenure, or rate of interest.A loan against property calculator also gives you a fair idea of whether or not you can sustain the EMI costs throughout the loan tenure. In the case of floating interest rates, the cost can vary. However, the mortgage loan EMI calculator would give you a precise number and loan map for a fixed interest rate plan.