Free calculator
Home affordability calculator
Banks typically keep all your EMIs within 40–55% of net monthly income (FOIR) and lend up to 80% of the property value.
Your details
₹1.2 L
₹
₹
₹15 L
₹
% p.a.
years
Banks usually allow 40–55%
%
You can afford a home up to
₹75 L
Limited by your down payment (banks lend up to 80%)
Home price₹75 L
- Loan amount₹60 L · 80%
- Down payment₹15 L · 20%
- Maximum EMI
- ₹60,000/mo
- Loan amount
- ₹60,00,000
- EMI at this price
- ₹52,069/mo
- Down payment
- ₹15,00,000
- Home price
- ₹75,00,000
Keep 5–8% extra for stamp duty, registration and interiors.
Homes up to ₹75 LIndicative. Lenders also consider age, credit score, employer and the property's legal status.
Frequently asked questions
What is FOIR?
Fixed Obligation to Income Ratio — the share of your net monthly income that goes to EMIs. Most lenders cap it at 40–55% depending on income level.
Can a co-applicant increase my budget?
Yes. Adding an earning spouse or parent as co-applicant adds their income to the FOIR calculation; they also become a co-borrower on the loan.
What other costs should I budget for?
Stamp duty and registration (about 11% of the value in Tamil Nadu), legal checks, interiors, society deposits and moving costs.
