Estimate the maximum property price you can comfortably afford based on income, down payment, and loans.
Result
Budget estimate based on 45% debt-to-income benchmark. Final bank approval depends on CIBIL score and property appraisal.
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Affordable Price = Down Payment + Eligible Loan Capacity via 40% FOIR
₹1.2 Lakh income, ₹15 Lakh down payment, ₹15k existing debts, 8.5% rate for 20 years.
Affordable Home Price: ~₹53.01 Lakh | Eligible Loan: ~₹38.01 Lakh | Monthly EMI: ₹33,000.
Calculate home loan monthly EMI, total interest, and complete repayment breakdown.
Open calculatorEstimate maximum borrowing amount and permissible EMI based on income and liabilities.
Open calculatorCompare the 15-year net financial wealth of buying a home versus renting and investing the surplus.
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Open calculatorIn India, lenders typically finance 75% to 80% of property value, requiring at least a 20% down payment from your own funds.
Financial planners recommend keeping home loan EMIs under 35% to 40% of net monthly income to preserve room for emergency savings and living expenses.
Stretching to buy an expensive home without factoring in property registration charges (5–7%), interior furnishing, and maintenance charges can create acute liquidity stress.