Home Affordability Calculator
Lenders will approve the biggest loan your income technically supports. That is not the same as the loan you can comfortably live with — the gap between the two is where housing stress comes from.
This calculator works from a safer rule: keep all your EMIs together within about half your monthly income. It backs out the loan that fits, adds your down payment, and gives you a realistic home budget.
Assuming total EMIs stay within 50% of your monthly income, your home budget is about 8,724,422 with a 65,000 monthly EMI.
How it works
- 01Total EMIs are capped at ~50% of monthly income; your existing EMIs are subtracted to find what a home loan can use.
- 02That comfortable EMI is converted into a loan amount at your rate and tenure using the EMI formula in reverse.
- 03Your budget is that loan plus the down payment you already have.
Frequently asked
Why 50% and not what the bank offers?+
Banks often approve EMIs up to 55–60% of income. That leaves little room for the rest of life or any shock. Staying near 40–50% keeps the loan safe when income dips or rates rise.
Does this include registration and stamp duty?+
No — budget another 6–8% of the property price for stamp duty, registration and brokerage. Treat the figure here as the property price you can target, with those costs on top.