Home Loan Affordability Calculator
Calculate how much home you can afford based on your income and expenses. Get realistic home price estimates with complete cost breakdown.
Calculator
Calculator Details
Enter your information to calculate results
Results
₹34,00,000
Affordable Home Price
Monthly Housing Costs
Loan EMI:₹20,828
Property Tax:₹2,833
Home Insurance:₹1,417
Maintenance:₹2,833
Total Monthly Cost:₹27,911
Budget Analysis
Monthly Income:₹1,00,000
Living Expenses:₹30,000
Existing EMIs:₹0
Housing Costs:₹27,911
Remaining Income:₹42,089
How It Works
How Home Affordability is Calculated
1
28% Rule
Housing costs should not exceed 28% of gross monthly income
2
Total Housing Costs
Includes EMI, property tax, insurance, and maintenance costs
3
Available Income
After deducting existing expenses and EMIs from total income
Examples
Example 1: Conservative Budget
Monthly Income:₹80,000
Monthly Expenses:₹25,000
Down Payment:₹8,00,000
Affordable Home:₹35,00,000
Example 2: Higher Budget
Monthly Income:₹1,50,000
Monthly Expenses:₹40,000
Down Payment:₹15,00,000
Affordable Home:₹75,00,000
Compare
Income vs Affordability
| Monthly Income | Max Housing Cost | Affordable Home Price | Required Down Payment |
|---|---|---|---|
| ₹50,000 | ₹14,000 | ₹20,00,000 | ₹4,00,000 |
| ₹1,00,000 | ₹28,000 | ₹45,00,000 | ₹9,00,000 |
| ₹1,50,000 | ₹42,000 | ₹70,00,000 | ₹14,00,000 |
| ₹2,00,000 | ₹56,000 | ₹95,00,000 | ₹19,00,000 |
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