Finance Tools
Home Affordability Calculator
Find out how much home you can realistically afford, with three honest scenarios.
Monthly Disposable Income
₹1,00,000.00
After expenses and existing EMIs
₹71.85L
Max EMI
₹45.0K/mo
30% of income, comfortable with room for savings and emergencies
₹89.14L
Max EMI
₹60.0K/mo
40% of income, manageable with disciplined budgeting
₹1.06Cr
Max EMI
₹75.0K/mo
50% of income, stretching budget with limited financial flexibility
Calculations assume a constant interest rate and regular repayment schedule. Actual loan costs may vary.
Frequently Asked Questions
What is the ideal EMI-to-income ratio? +
Most financial advisors recommend keeping total EMIs (including home loan) below 40% of gross monthly income. Below 30% is considered comfortable. Above 50% puts significant strain on your finances.
Why three scenarios instead of one number? +
Affordability depends on your risk tolerance, job stability, and financial goals. A single number creates false precision. Three scenarios let you make an informed choice based on your situation.
Should I include my spouse's income? +
If you're applying for a joint home loan, yes, include combined income. Lenders typically consider both incomes for joint applications, which increases your loan eligibility.
What down payment should I plan for? +
Most lenders require a minimum 10–20% down payment. A larger down payment reduces your loan amount, EMI, and total interest paid. Aim for 20–25% if possible.