Home Loan Affordability Calculator
Estimate the maximum home price you can afford, combining your loan eligibility with your available down payment.
- Free to use
- Accurate results
- No registration required
- Works on all devices
Your result
₹67,61,541.99
Maximum affordable home price
AI explanation
Formula
Max home price = max loan amount (from eligibility) + down paymentWorked example
₹1,00,000 income, ₹10L down payment, 20-year loan at 8.5%
| Field | Value |
|---|---|
| Monthly income | 100000 |
| Existing monthly EMIs | 0 |
| FOIR (lender's obligation-to-income limit) | 50 |
| Expected interest rate | 8.5 |
| Loan tenure | 240 |
| Available down payment | 1000000 |
| Maximum affordable EMI | 50000 |
Assumptions
- Combines the same FOIR-based eligibility formula as the Home Loan Eligibility Calculator with your available down payment.
- Does not include registration, stamp duty, or other purchase costs, which typically add 5-10% on top of the home price.
- Informational only.
Frequently asked questions
How is home affordability different from loan eligibility?
Loan eligibility tells you the maximum loan a lender would approve. Affordability adds your available down payment on top to show the maximum total home price you could purchase.
Should I use my full available down payment?
Not necessarily — keeping some savings as an emergency fund and for move-in/registration costs is generally prudent rather than committing every rupee to the down payment.
Does this include registration and stamp duty costs?
No — these vary by state (often 5-10% of property value in India) and should be budgeted for separately, on top of the down payment and loan amount shown here.
Related calculators
Sources
- Master Direction – Reserve Bank of India (Regulatory Framework for Housing Finance Companies) — Reserve Bank of India. Effective 17-02-2021, reviewed 13-09-2026.
This calculator provides a general estimate only and does not constitute a loan offer or guarantee of approval. Actual eligibility is determined by the lender based on your complete financial profile.
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