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—
Estimate the home price you can comfortably afford without stretching your cash flow. Works for India (EMI-focused) and global mortgage affordability checks.
Affordability vs eligibility
Bank eligibility shows maximum borrowable amount, while affordability shows what is financially comfortable with your lifestyle goals.
Affordability rule of thumb
Affordable EMI <= 30% to 40% of Net Monthly Income; Home Budget ≈ Loan Eligibility + Down Payment
Choose conservative EMI ratio if income is variable or other liabilities are high.
Costs to include beyond EMI
- Down payment
- Stamp duty and registration
- Interior/furnishing cost
- Maintenance and society charges
- Insurance and periodic repairs
How to estimate affordable home value
- Enter net monthly income and liabilities
- Set safe EMI ratio
- Estimate loan amount from tenure and interest rate
- Add down payment capacity
- Reduce budget if emergency fund is weak
Affordability example
Scenario: Net household income Rs 1,80,000/month, safe EMI ratio 35%, down payment Rs 20,00,000.
Inputs
- Affordable EMI: Rs 63,000
- Interest rate: 8.75%
- Tenure: 20 years
Calculation
- EMI of Rs 63,000 roughly supports a loan near Rs 65-70 lakh (approx, rate dependent)
- Add Rs 20 lakh down payment
- Estimated home budget near Rs 85-90 lakh before charges
Result: Practical purchase range may be around Rs 85 lakh to Rs 90 lakh.
Frequently Asked Questions
Around 30% is conservative; 40% can be stressful unless income is very stable.
Count only a conservative fraction, not full variable pay.
You can, but total interest rises significantly over longer tenure.
Framework is similar, but interest rates, taxes, and insurance vary by market.