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🏘️ House Affordability Calculator

Find out how much house you can realistically afford based on your income, savings, debts, and the current interest rate environment.

🏘️How Much House Can You Afford?
%
years
Home Price You Can Afford
Maximum Loan Amount
Maximum Monthly EMI
Down Payment (20% min)
Debt-to-Income Ratio

How Affordability is Calculated

Banks typically limit your total EMI obligations (including the new home loan) to 40–50% of your gross monthly income. This is called the EMI-to-Income ratio. We use 40% as the safe limit in this calculator.

The 28/36 Rule

A common guideline: housing expenses should not exceed 28% of gross monthly income, and total debt obligations should not exceed 36%. This keeps your finances stable.

Factors Banks Consider

  • Credit score (750+ for best rates)
  • Job stability and income proof
  • Existing EMI obligations
  • Property age and location
  • Down payment amount (20% recommended)