Home Affordability Calculator

Estimate how much home you can afford based on your financial situation

Monthly Income (₹)*

Monthly Expenses (₹)*

Interest Rate (%)*

Loan Tenure (Years)*

Down Payment Option

Down Payment Amount (₹)

Down Payment Percentage (%)

Your Home Affordability Results

Calculate Your EMIs

Frequently Asked Questions

What is considered when calculating home affordability?

Our calculator considers your monthly income, expenses, loan interest rate, tenure, and down payment to determine how much home you can afford while maintaining financial stability.

How does down payment affect affordability?

A larger down payment reduces your loan amount, which can either lower your EMIs or allow you to afford a more expensive property. Most lenders require 10-20% down payment.

What percentage of income should go to housing?

Financial experts recommend keeping housing costs below 40% of your monthly income. This includes EMI, property taxes, insurance, and maintenance.

Should I choose a longer or shorter loan tenure?

Longer tenures (20-30 years) mean smaller EMIs but higher interest costs. Shorter tenures (10-15 years) have larger EMIs but save on interest. Choose based on your financial capacity.

How accurate is this calculator?

This provides a reliable estimate based on standard calculations. For precise figures, consult with our financial advisors who can consider additional factors like credit score, existing debts, etc.