Affordability Calculator tells you the maximum property price you can comfortably target based on your monthly income, existing EMI commitments and available down payment. Uses the standard 40% FOIR cap and 80% LTV assumption — the same constraints lenders use to size your home-loan sanction.
Home Affordability Calculator — How Much House Can You Afford?
Reviewed by Nas, PropyMart AI · AI Property Advisor · Last updated 2026-10-31
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How do I use the Affordability?
- Inputs: monthly income, existing EMIs, down payment
- Output: max loan, max property price, indicative EMI
- Uses 40% FOIR cap (standard lender rule)
- 80% LTV assumption (20% own funds)
- Pair with Loan Advisor to lock the actual bank
Your home-buying budget, in four steps.
- Enter income and EMIs. Enter monthly take-home income and every existing EMI.
- Add savings and costs. Add home savings, living expenses and your target city.
- Compare budget zones. Compare Comfortable, Stretch and Risky property budgets. Adjust the home-loan interest rate and tenure.
- Test a real price. Try a property price, check the down payment and one-time costs, then explore homes and interior packages.
Different lives. Different buying power.
Computed at 8.5% for 20 years, 30% total EMI cap and 7% purchase costs. Rate and cost assumptions: Indicative · Oct 2026. Illustrations, not eligibility promises.
A first home in Pune
₹80,000 take-home / month; ₹5,000 existing EMIs; ₹12 L savings; ₹28,000 living costs / month; ₹2.9 L reserved for furnishing and moving. A ₹21.89 L loan means ₹19,000 home EMI / month. Upfront cash required: ₹10.72 L. Comfortable property budget: ₹28.97 L
A Kolkata couple buying together
₹1,60,000 take-home / month; ₹12,000 existing EMIs; ₹26 L savings; ₹50,000 living costs / month; ₹5.6 L reserved for furnishing and moving. A ₹41.48 L loan means ₹36,000 home EMI / month. Upfront cash required: ₹21.22 L. Comfortable property budget: ₹57.83 L
A Bengaluru buyer with a car loan
₹1,10,000 take-home / month; ₹18,000 existing EMIs; ₹18 L savings; ₹35,000 living costs / month; ₹3.5 L reserved for furnishing and moving. A ₹17.28 L loan means ₹15,000 home EMI / month. Upfront cash required: ₹11.52 L. Comfortable property budget: ₹29.71 L
How does the Affordability compare to similar tools?
What questions does the Affordability answer?
How much house can I afford on a ₹1 lakh monthly salary?
At 40% FOIR, 8.5% interest and 20-year tenure: ~₹46 lakh home loan + 20% down payment = ~₹57 lakh property. Subtract any existing EMIs from the affordability.
What is FOIR and why is it 40%?
Fixed Obligation to Income Ratio = (All EMIs ÷ Net monthly income) × 100. Lenders cap at 40–50% so you have enough buffer for living expenses and unexpected costs.
How much down payment should I have?
Minimum 20% of property cost. Adding 10–15% extra reduces EMI burden meaningfully and improves loan-approval odds with a sub-prime credit profile.
Can I include my spouse income for higher affordability?
Yes — a joint home loan with both incomes can almost double the eligibility, and both partners get tax deductions on interest and principal.
Do banks consider rental income and bonuses?
Rental income: 70% counted if reflected in ITR. Bonuses: averaged over 2–3 years, with a 50% haircut. Variable pay is treated conservatively.
How much should EMI be vs my salary?
Aim for EMI ≤ 35% of net take-home, leaving 5% buffer below the 40% lender cap. This keeps lifestyle, savings and emergency fund intact.
Should I buy now or wait to save more down payment?
If rent + savings of waiting ≥ 1 year of EMI savings, wait. Otherwise buy — property prices typically appreciate 6–8%/year, outpacing additional savings on a fixed salary.
Are there hidden costs beyond the property price?
Yes — budget another 7–10% for stamp duty + registration, 1–2% brokerage, society move-in deposits, registration cost and interior/move-in fit-out.
Does this advanced budget include stamp duty and furnishing?
Yes. The advanced workbench reserves approximately 7% of the property price for stamp duty and registration, plus the furnishing and moving amounts you enter. The 7% assumption is indicative as of Oct 2026; check the relevant state registration department for your exact duty and concessions. Add brokerage, lender fees and other applicable costs separately.
Why is the Comfortable budget lower than my loan eligibility?
The Comfortable zone limits total EMIs to 30% of take-home income; Stretch uses 40% and Risky 50%. Each zone is also constrained by your stated living expenses and available upfront cash. These are planning boundaries, not lender eligibility rules or a guarantee that a loan will be approved.
Will the savings timeline predict future property prices?
No. It divides the current upfront cash shortfall by your chosen monthly saving and rounds up to whole months. Home price, savings returns and costs remain fixed. Revisit the plan as your circumstances change.