Home affordability calculator

How this estimate works

Find the highest price where down payment + entered percentage costs + fixed fees fit spendable cash, and loan fits both EMI capacity and LTV.

Begin with the cash you can actually use, not all of your savings. Put the amount you want to protect into the reserve field. Then choose a monthly housing budget that leaves room for the rest of your life. The tool subtracts monthly maintenance, property tax and insurance from that budget before calculating a mortgage payment capacity. Existing instalments also reduce the income available.

Upfront costs need their own allowance. Enter a percentage assumption for duty and purchase taxes after checking the jurisdiction and transaction. Enter registration and other fixed fees separately. The tool does not treat an unresolved tax as zero. A larger deposit can help satisfy a lender margin, but money needed for fees cannot simultaneously serve as the down payment.

The calculation searches for a price that meets both constraints together. It takes the smaller of repayment-based principal and the property lending cap, then tests whether the remaining price and purchase costs fit spendable cash. This avoids adding two independent maximums which may be impossible to achieve together. The resulting price is rounded down for display.

The range spans the entered rate and the higher-rate stress cases. Its lower end represents a tighter repayment scenario, rather than a prediction of market prices. Choose a city to continue to registered-home searches without putting your private budget in the address. Revisit the figures when you receive a valuation, a cost sheet or a different loan quotation. The model does not forecast salary growth, future savings or changes in local taxation.

Compare the cash used in each sensitivity row with the reserve you intended to protect. If a scenario produces a very low price, revisit the costs and monthly budget rather than assuming the property market offers a home at that figure. Affordability describes the constraints you entered. It does not measure the suitability, availability or quality of homes within that range.

Sources and limits

• Published housing LTV reference: loan up to ₹30 lakh, 90%; above ₹30 lakh through ₹75 lakh, 80%; above ₹75 lakh, 75%. Lenders can lend less. The current consolidation requires a lender check. Reserve Bank of India, checked 2026-11-12. Effective basis: 2025-04-01.
• Current commercial-bank credit directions entry, updated October 2026. Confirm the operative requirements with your lender before relying on the planning reference. Reserve Bank of India, checked 2026-11-12. Effective basis: 2026-10-01.

Questions about this tool

This is general information, not legal, tax or financial advice. Check with a qualified professional for your case.

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