Affordability Planner
Home Loan Affordability Calculator
How much house can you afford? Find out based on your income, existing loans, and preferred EMI comfort level.
Your Financial Profile
Affordability Tiers
Key Insight
With a monthly income of ₹1.00 L, you can comfortably afford a property up to ₹50.41 L. If you can stretch your budget, you could go up to ₹64.82 L (manageable) or ₹79.22 L (maximum stretch). We recommend the comfortable range to maintain financial flexibility.
Income Allocation
How your monthly income of ₹1.00 L gets allocated at 45% FOIR
Interest Rate Sensitivity
Property affordability at different interest rates (at 45% FOIR)
Complete Affordability Matrix
Maximum property price across FOIR levels and interest rates (tenure: 20 years, down payment: 20%)
| Interest Rate | Comfortable (35%) | Manageable (45%) | Stretched (55%) |
|---|---|---|---|
| 7% | ₹56.43 L | ₹72.55 L | ₹88.68 L |
| 8% | ₹52.30 L | ₹67.25 L | ₹82.19 L |
| 9% | ₹48.63 L | ₹62.52 L | ₹76.41 L |
| 10% | ₹45.34 L | ₹58.29 L | ₹71.24 L |
| 11% | ₹42.39 L | ₹54.50 L | ₹66.61 L |
Understanding FOIR (Fixed Obligations to Income Ratio)
FOIR is the percentage of your gross monthly income that goes towards all EMIs (existing + new home loan). Banks use this ratio to determine your loan eligibility.
Leaves ample room for savings, investments, and emergencies. Most financial advisors recommend this level.
Banks typically approve loans at this level. Manageable if you have stable income and low lifestyle inflation.
Maximum stretch. High risk if income drops or expenses rise. Only consider with very high income growth certainty.
Calculator results are for illustration purposes only. Actual returns may vary based on market conditions, fund performance, and other factors. Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. Past performance does not guarantee future returns.
How much house can you actually afford?
The amount a bank will lend and the amount you can comfortably repay are two different numbers, and confusing them is how people end up house-poor. Affordability really comes down to the down payment you can arrange plus the loan whose EMI you can service without straining the rest of your financial life — not the maximum a lender is willing to sanction.
This calculator estimates a home price you can afford from your income, existing EMIs, available down payment and the loan rate, keeping your total EMIs within a healthy share of income. A widely used guardrail is to keep all EMIs under roughly 40% of take-home pay, leaving room for savings, insurance and emergencies rather than sinking everything into a mortgage.
How this calculator works
- 1Enter your monthly income, any existing EMIs, your available down payment and the loan rate and tenure.
- 2The calculator finds the EMI you can service within a healthy income ratio.
- 3It converts that into an affordable loan and, with your down payment, an affordable home price.
Frequently asked questions
How much home loan can I get?
Lenders typically size a loan so that your total EMIs stay within about 40–50% of income, subject to your credit profile, the property value and the loan tenure. But the loan you can get is not always the loan you should take — this calculator focuses on what you can comfortably service.
What EMI-to-income ratio is healthy?
A common guideline is to keep all your EMIs (home plus any other loans) under roughly 40% of take-home income. Staying below that leaves room for savings, insurance premiums and emergencies, so a job change or an unexpected expense does not put the home loan at risk.
How much down payment do I need?
Home loans usually fund up to about 75–90% of the property value, so you typically need 10–25% as a down payment, plus stamp duty, registration and other costs on top. A larger down payment lowers your EMI and total interest, but should not empty your emergency fund.
Illustrative only; actual loan eligibility depends on your lender’s policy, credit profile and the property.
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