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Home Affordability Calculator

Find out how much home you can afford in Indian Rupees (₹) based on your income and savings.

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Calculate Your Home Affordability

How Our Home Affordability Calculator Works

Our Home Affordability Calculator helps Indian users determine how much home they can afford in Indian Rupees (₹). It considers your income, debts, down payment, and loan terms to calculate the affordable home price, maximum loan amount, and monthly EMI. A bar chart visualizes the home price, loan, and down payment for clarity.

Calculation Logic

The calculator uses your annual income (e.g., ₹12,00,000) and debt-to-income ratio (e.g., 36%) to find the maximum monthly payment after debts (₹20,000), say ₹16,000. It calculates the loan amount for a 20-year loan at 8.5% (₹18,51,000). Adding the down payment (₹10,00,000) gives the affordable home price (₹28,51,000). The bar chart shows home price (₹28,51,000), loan (₹18,51,000), and down payment (10,00,000).

Steps to Use

Enter annual income (e.g., ₹12,00,000).
Input monthly debt payments (e.g., 20,000).
Specify down payment (e.g., ₹10,00,000).
Enter loan tenure (e.g., 20 years), interest rate (e.g., 8.5%), and DTI (e.g., 36%).
Click "Calculate" to view home price, loan, EMI, and bar chart.

Why Use Our Home Affordability Calculator?

Buying a home is a major milestone for Indian families, but understanding what you can afford is crucial. Our Home Affordability Calculator, designed for Indian users, helps you calculate the home price you can afford in Indian Rupees (₹) based on your income, debts, and savings. With a bar chart breaking down the home price, loan, and down payment, this tool simplifies home buying. Here’s why every Indian homebuyer should use it.

Plan Your Home Purchase

Knowing your affordable home price helps you set realistic expectations and avoid financial strain.

Set Budget: ₹28,51,000 home price for ₹12,00,000 income, ₹10,00,000 down payment.
Avoid Overreach: ₹18,51,000 loan keeps EMI at ₹16,000, affordable for ₹1,00,000 monthly income.
Find Options: ₹28,51,000 suits 2BHKs in Pune or Bengaluru suburbs.

Priya, a Pune-based teacher, used our calculator for her 8,00,000 income. With ₹5,00,000 saved, she found a ₹18,00,000 home affordable, guiding her search.

Balance Debt and Income

Our calculator factors in your debt-to-income ratio (DTI) to ensure loan approval and financial stability.

Stay Eligible: 36% DTI allows ₹16,000 EMI after ₹20,000 debts for ₹12,00,000 income.
Reduce Debt: Pay off ₹10,000 debt to increase EMI to ₹19,000, raising loan to ₹22,00,000.
Plan Smart: ₹18,51,000 loan keeps DTI below 36% for loan approval.

Arjun, a Delhi-based engineer, tested his ₹15,00,000 income with ₹30,000 debts. The calculator showed a ₹35,00,000 home, prompting him to clear ₹10,000 debt for a bigger loan.

Save for Down Payment

A larger down payment lowers your loan and EMI, making homeownership easier.

Lower Loan: ₹10,00,000 down payment reduces loan to ₹18,51,000 for 28,51,000 home.
Save More: ₹15,00,000 vs. ₹10,00,000 down payment raises home price to ₹33,51,000.
Plan Ahead: ₹10,00,000 is 35% of ₹28,51,000, ideal for banks.

Priya increased her ₹5,00,000 savings to ₹7,00,000, raising her affordable home price to ₹20,50,000, allowing a better property.

Tailored for Indian Buyers

Our calculator reflects India’s home loan market, with incomes (₹6,00,000-₹24,00,000), rates (7-10%), and tenures (10-30 years). It’s free and user-friendly.

Realistic Prices: ₹28,51,000 for ₹12,00,000 income suits urban flats.
Indian Loans: 8.5% rate and 20-year tenure are common for SBI, HDFC.
Flexible: Adjust DTI (30-40%) for conservative or aggressive planning.

From first-time buyers to professionals, our Home Affordability Calculator helps you plan your dream home. Start using it above to find your budget today!