Home Affordability Calculator
Check how much house you can afford.
Home Affordability Calculator
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Yrs
Affordable Home Price
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Down Payment—
Max Home Loan—
Recommended Price—
Monthly EMI—
The Finzorio Home Affordability Calculator computes the realistic home purchase price you can afford based on monthly income, existing debt commitments, and down payment savings.
Bank Loan Eligibility vs Financial Affordability
While banks may approve a home loan taking 50%–60% of your salary, true affordability dictates keeping housing costs (EMI + property tax + society maintenance) under 30%–35% of your net income so you can continue investing for retirement and child education.
Worked Example: Safe Property Budget Calculation
Inputs: Net Salary = ₹1,50,000/mo, Down Payment Saved = ₹25,00,000, Existing Debt = ₹0. Safe EMI Cap = 35% (₹52,500/mo).
1. Maximum Affordable Loan at 8.5% for 20 Yrs = ₹60,50,000.
2. Add Down Payment = ₹25,00,000.
3. Maximum Affordable Property Budget = ₹85,50,000 (including registration & stamp duty).
Frequently Asked Questions
The 3/20/30/40 rule suggests: 1) House price <= 3x annual household income, 2) Loan tenure <= 20 years, 3) Down payment >= 20% upfront, 4) Monthly EMI <= 30% of net monthly income.