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Finance Calculators

Home Affordability Calculator

Find out how much home you can afford based on your income, existing debts, cash available, and loan terms — including the closing costs most affordability calculators leave out.

Part of the Buying a home journey · step 1 of 5 · See the full map →

Your gross monthly income before deductions, e.g. 1.2 L or 120000.

Total EMIs and other debt payments you already pay monthly, e.g. 15,000.

Everything you have available for this purchase — down payment, stamp duty, registration, and furnishing all come out of this same pool, e.g. 20 L or 2000000.

Lenders typically allow 30-50% of monthly income to go toward EMI.

Karnataka default shown — rates vary by state and change periodically (last reviewed 2026-07-24). Confirm your state's current rate before relying on this.

Karnataka default shown — confirm your state's current rate.

A cash buffer for interiors, moving costs, and surprises — not financed by the loan.

Frequently Asked Questions

How much home can I actually afford?
This tool shows two numbers. The first — the loan you can service — is the conventional calculation most affordability tools stop at: it caps your EMI at a safe percentage of income, then works backward to a maximum loan and home price, treating all your available cash as usable down payment. The second — what you can actually buy — subtracts stamp duty, registration, and a furnishing/contingency allowance from that same cash first, since those costs come out of pocket before any of it becomes down payment.
What is a safe EMI-to-income ratio?
Lenders typically allow 30-50% of your gross monthly income to go toward EMI, though the exact figure depends on your other obligations and the lender's own policy.
Does this account for other loans I'm already paying?
Yes — enter your existing monthly debt payments and the calculator subtracts them from your maximum allowable EMI before estimating how much more you can afford to borrow.
Why do I need to enter stamp duty and registration rates? (rates last reviewed 2026-07-24)
These rates vary by state, change periodically, and sometimes depend on the buyer's gender or the property's urban/rural classification. The defaults shown are indicative starting points, not a quote — confirm the current rate for your state with your local sub-registrar office before relying on this for a real transaction.