Property Affordability Calculator
FreeFind out how much property you can realistically afford based on your income and expenses
Your Financial Profile
Income
₹
₹
Rental income, freelance, etc.
Expenses
₹
Utilities, groceries, insurance, etc.
₹
Car, personal loan, credit card EMIs
Savings & Loan
₹
8.5%
6.5%12.0%
20 yrs
5 yrs30 yrs
Excellent
Max Property You Can Buy
₹37.66 L
₹37,65,540
Max Monthly EMI
₹24,000
40% of disposable income
Financial Breakdown
Total Monthly Income₹1,00,000
Monthly Outflows (expenses + EMIs)₹40,000
Disposable Income₹60,000
Debt-to-Income Ratio24.0%
Max Loan Amount₹27,65,540
Recommendations
Excellent affordability! You can comfortably buy a property
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Frequently Asked Questions
How is property affordability calculated?
It considers your monthly income, existing expenses and EMIs, desired down payment, interest rate, and loan tenure. The calculator determines the maximum loan you qualify for (keeping EMI under 40-50% of income) and adds your down payment to estimate the maximum property price you can afford.
What is a safe EMI-to-income ratio?
Most banks in India recommend keeping your total EMI obligations (including the new home loan) below 40-50% of your net monthly income. A ratio below 35% is considered comfortable, 35-50% is manageable, and above 50% is risky.
Does the calculator account for existing loans?
Yes. You can enter your existing monthly EMIs (car loan, personal loan, credit card dues, etc.) and the calculator deducts these from your disposable income before determining how much additional EMI you can service.
How does down payment affect affordability?
A larger down payment directly increases the total property value you can afford. For example, if you can get a loan of ₹50 lakhs and have ₹20 lakhs as down payment, you can afford a ₹70 lakh property. Banks typically require 10-20% of the property value as down payment.