What does home affordability mean?

It estimates the highest property price you can buy given income, existing EMIs, down payment, loan terms, and closing costs.

Why include stamp duty in affordability?

Stamp duty and registration need cash at purchase. Ignoring them can overstate the house price you can actually close.

Is a larger down payment always better?

A larger down payment lowers the loan and EMI, but keep emergency savings aside. Do not empty your entire liquid corpus.

How is this different from eligibility?

Eligibility focuses on max loan from income. Affordability also folds in cash for down payment and closing costs to size the property.

Should I stretch to the maximum price?

Usually no. Leave buffer for maintenance, interiors, and rate rises. Stress-test EMI if rates increase by 1–2%.

Home Affordability Calculator

Find the highest property price that fits your income, down payment, EMI comfort and closing costs.

What Can You Afford?

Monthly Income₹1,00,000

₹25,000₹5,00,000

Existing EMIs₹0

₹0₹2,00,000

Cash for Down Payment₹15.00 L

₹1.00 L₹1.00 Cr

FOIR Cap45%

30%55%

Interest Rate (p.a.)8.5%

6%12%

Loan Tenure20 years

5 years30 years

Stamp + Registration Estimate6%

2%12%

Max Affordable Property Price

₹63,06,970

Max Loan₹51,85,388

Estimated EMI₹41,716

Closing Costs₹3,78,418

Total Cash Needed₹18,78,418

Month-by-month principal, interest and outstanding balance (240 EMIs).

Tenure

240 mo

Total Principal

₹48,06,970

Total Interest

₹52,04,870

Total Payment

₹1,00,11,840

Month	EMI	Principal	Interest	Balance
1	₹41,716	₹7,667	₹34,049	₹47,99,303
2	₹41,716	₹7,721	₹33,995	₹47,91,582
3	₹41,716	₹7,776	₹33,940	₹47,83,806
4	₹41,716	₹7,831	₹33,885	₹47,75,976
5	₹41,716	₹7,886	₹33,830	₹47,68,090
6	₹41,716	₹7,942	₹33,774	₹47,60,148
7	₹41,716	₹7,998	₹33,718	₹47,52,149
8	₹41,716	₹8,055	₹33,661	₹47,44,094
9	₹41,716	₹8,112	₹33,604	₹47,35,982
10	₹41,716	₹8,169	₹33,547	₹47,27,813
11	₹41,716	₹8,227	₹33,489	₹47,19,586
12	₹41,716	₹8,286	₹33,430	₹47,11,300

About Home Affordability Calculator

Find a property budget that fits your EMI comfort — not just the maximum the bank will lend.

How it works

Combine income, down payment, rate and tenure to estimate a comfortable property price band.

Practical tips

Budget for stamp duty, registration and interiors on top of the ticket price.

Important to know

Affordability ≠ eligibility. Stretching to the bank max can strain cash flow.

Frequently Asked Questions

What does home affordability mean?: It estimates the highest property price you can buy given income, existing EMIs, down payment, loan terms, and closing costs.
Why include stamp duty in affordability?: Stamp duty and registration need cash at purchase. Ignoring them can overstate the house price you can actually close.
Is a larger down payment always better?: A larger down payment lowers the loan and EMI, but keep emergency savings aside. Do not empty your entire liquid corpus.
How is this different from eligibility?: Eligibility focuses on max loan from income. Affordability also folds in cash for down payment and closing costs to size the property.
Should I stretch to the maximum price?: Usually no. Leave buffer for maintenance, interiors, and rate rises. Stress-test EMI if rates increase by 1–2%.