Home Affordability Calculator

How much house can you afford? Size the property budget from income, EMIs and a safe FOIR, plus the down payment you need.

Car, personal loans, education loans, credit card EMIs
45% is the disciplined line; 50%+ stretches hard
Affordable property budget
—
Affordable EMI—
Max loan (your cash flow)—
Down payment needed (20%)—
Surplus after purchase (₹/mo)—
Income multiple (loan ÷ annual)—

Methodology & assumptions

how this number is produced

Affordable EMI = income × FOIR − existing EMIs · Max loan = PV of affordable EMI at rate/tenure · Budget = max loan ÷ (1 − 20% down)

Assumptions

  • FOIR default 45% of gross monthly income across all obligations — a discipline choice, not a lender rule
  • Down payment benchmark 20% (most lenders fund 75–90% of value; 80% is the middle of that range)
  • Rate held constant; tenure as entered; reducing-balance PV math

Limitations

  • Excludes property costs outside the loan: stamp duty, registration, legal, moving — keep 5–8% of price liquid beyond the down payment
  • Does not model income growth, rate resets, or insurance you will be nudged to buy at sanction
  • A lender's sanction can differ from this budget — see the eligibility estimator for the FOIR-band view
  • Planning estimate only — not financial advice

Results are informational estimates produced by MyCapitalverse's own models. They are not financial advice and may differ from how a lender, insurer or authority computes the same figure.

Verified 2026-09Next review: 2027-02-28Methodology & verification →Verify current terms before applyingReport outdated info

How to use the Home Affordability calculator

  1. Enter take-home income and current EMIs.
  2. Set the rate, tenure and down payment share.
  3. Read the property budget and cash you need upfront.

About this tool

Affordability is stricter than eligibility: it keeps your EMI at a level you can live with and adds the down payment, stamp duty and registration you pay upfront.

Built and reviewed by Savitar Finance (savitarfinance@gmail.com). Rules and rates last checked October 2026. How we calculate · Report a problem

Questions people ask

How much home loan can I afford?

A common rule keeps all EMIs under about 40% of take-home pay. The calculator turns that EMI into a loan amount at your rate and tenure.

How much down payment do I need?

Banks lend up to 75–90% of the property value depending on the loan size, so plan for 10–25% plus stamp duty and registration.