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Home Affordability Calculator

Estimate how much home you can afford based on take-home income, EMI capacity, savings, RBI loan-to-value caps, stamp duty, and registration costs.

Private
Instant
Estimate
Affordable home value₹57,69,231
Monthly EMI₹40,053

Inputs

Savings and income

₹15,00,000
in rupees

Cash you can put into the purchase: down payment, stamp duty and registration.

₹0
in rupees

Savings you won't spend on the home, such as an emergency fund.

₹1,50,000
in rupees

Take-home pay after tax, PF and other deductions. Add a co-applicant's take-home only if you'll apply jointly.

₹20,000
in rupees

Total EMIs you pay each month now (car, personal, education, card EMIs). Not the loan balance. Enter 0 if none.

45%
in percent

Share of take-home pay a lender lets all EMIs use. Most banks use 40–50%; a few allow 60–65% for higher incomes.

Loan and purchase

₹80,00,000
in rupees

20%
in percent

The least you want to put down. Banks must keep at least 10% (loans up to ₹30 lakh), 20% (₹30–75 lakh) or 25% (above ₹75 lakh).

8.5%
in percent

8.5% is a conservative planning rate; SBI quotes 7.25–8.45% (Sep 2026).

20 years
in years

5%
in percent

1%
in percent

Usually about 1% of the price. Some states cap the fee. Enter the % that matches your state's fee.

Results

Target out of reach
Affordable home value
₹57,69,231
Limited by savings · RBI loan-to-value cap
Loan amount
₹46,15,385
80% of price; RBI cap 80%
Monthly EMI
₹40,053
84% of your ₹47,500 capacity
Cash needed
₹15,00,000
Down payment ₹11,53,846 + stamp duty and registration ₹3,46,154
Savings left
₹0

Savings set your limit. Banks need at least 20% down at this loan size, plus 6% for stamp duty and registration, all in cash. Each extra ₹1 lakh of savings adds about ₹3,84,615 to your budget. Raising the down payment % would lower the budget, not raise it.

This uses all of your savings. Keeping about 6 months of EMIs (₹3,60,320) aside is safer.

What your ₹80,00,000 target needs: ₹22,30,769 more than your budget. At its largest loan, ₹8,041 a month more EMI capacity and ₹5,80,000 more cash.

What your ₹80,00,000 target needs

What your ₹80,00,000 target needs
The target needsAt the largest loanWithin your EMI capacity
Loan₹64,00,000₹54,73,465
EMI a month₹55,541₹47,500
Above your ₹47,500 EMI capacity₹8,041None
Cash needed₹20,80,000₹30,06,535
Above the ₹15,00,000 you can spend₹5,80,000₹15,06,535

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Assumptions and methodology

Transparent calculation notes for Home Affordability Calculator.

Methodology notes

Formula used

Largest home within EMI capacity, the RBI loan-to-value cap and savings
Affordable value = largest V where V×(1+charges) − allowed loan ≤ savings

We find the most expensive home where the loan fits your EMI capacity, the loan stays within RBI's loan-to-value cap (90% up to ₹30 lakh, 80% up to ₹75 lakh, 75% above) and your minimum down payment, and your savings cover the down payment plus stamp duty and registration.

Methodology

  • Estimate maximum affordable EMI from income, FOIR, and existing obligations, and the largest loan that EMI repays.
  • For each home value, allow the smallest of that loan, RBI's loan-to-value cap and the value minus your minimum down payment.
  • Find the most expensive home whose down payment, stamp duty, and registration fit your savings after any cash kept aside.

Core assumptions

  • FOIR, interest rate, tenure, stamp duty, and registration stay constant.
  • The down payment % is a minimum: savings beyond it go into a larger down payment.
  • Savings entered, minus cash to keep aside, are available for home purchase upfront costs.
  • Stamp duty and registration are paid from savings. RBI bars adding them to the loan for homes above ₹10 lakh; we don't add them for cheaper homes either.
  • Target affordability checks both EMI and upfront cash capacity.

Not included

  • Credit score, age, lender policy, legal checks, insurance, brokerage, and furnishing costs are excluded.
  • GST on under-construction homes is not included: 5% of the price, or 1% for affordable housing; none on ready-to-move homes.
  • Actual stamp duty and registration can vary by state, city, gender, and property type; state concessions such as lower stamp duty for women buyers are not applied.
  • For homes over ₹10 lakh, banks can't include stamp duty and registration in the loan (RBI).

About Home Affordability Calculator

Guide

1What is Home Affordability?

A home affordability calculator estimates the property value you can reasonably consider based on take-home monthly income, existing EMIs, EMI capacity, savings, and upfront costs such as down payment, stamp duty, and registration.

It is useful before shortlisting homes because the purchase price is only one part of the decision. Your monthly EMI and upfront cash requirement both need to fit comfortably.

2How Home Affordability is Calculated

We find the most expensive home where (a) the loan fits your EMI capacity, (b) the loan stays within RBI's loan-to-value cap (90% up to ₹30 lakh, 80% up to ₹75 lakh, 75% above) and your minimum down payment, and (c) your savings cover the down payment plus stamp duty and registration.

  • EMI capacity: Net (take-home) monthly income multiplied by the FOIR assumption, minus the EMIs you already pay
  • Down payment: Your down payment % is the least you want to put down. Savings beyond it go into a larger down payment, so the result is the largest home your savings and loan can buy
  • Cash to keep aside: Savings you keep out of the purchase, such as an emergency fund, are not used
  • Stamp duty and registration: Paid from savings. RBI doesn't let banks add them to the loan for homes above ₹10 lakh, and we don't add them for cheaper homes either

3How to Use This Calculator

  • Step 1: Enter your net (take-home) monthly income and the EMIs you already pay each month
  • Step 2: Add savings available for down payment and charges, and any cash you want to keep aside, such as an emergency fund
  • Step 3: Set interest rate, tenure, FOIR, down payment, stamp duty, and registration assumptions
  • Step 4: Compare your target property value with the estimated affordable range

4Important Home Buying Costs

  • Down payment: Usually 10-25% of property value depending on lender and loan size
  • Stamp duty and registration: Vary by state, city, gender, and property type
  • Other costs: Processing fee, insurance, brokerage, legal charges, maintenance deposit, furnishing, and moving costs

Frequently Asked Questions

FAQ
What is a safe FOIR for home loans?
FOIR is the share of your take-home pay that all your EMIs may use. Most lenders stay within 40–50%, and a few allow 60–65% for higher incomes, depending on income, credit profile and existing EMIs. RBI prescribes no FOIR. A lower FOIR leaves more monthly safety margin.
Does this calculator guarantee loan approval?
No. It is an estimate. Actual approval depends on lender policy, credit score, age, employment type, property checks, co-applicant profile, and documentation.
Why can savings reduce my affordable home value?
Even if EMI capacity is high, you still need enough cash for down payment, stamp duty, registration, and related upfront costs. Low savings can become the binding constraint. A larger down payment percentage lowers the budget when savings are the limit.
Should I use the full affordable value?
Not always. Keep emergency savings and account for maintenance, furnishing, insurance, and lifestyle expenses before finalizing a home budget.