Real Estate · Home Buying · Affordability

Home Affordability Calculator —
Are You Really Ready to Buy?

Rule: Home price = 4-5x annual income. EMI should not exceed 35-40% of take-home. Down payment = 20% minimum. Calculate if you are truly financially ready.

Rule: Home price = 4-5x annual income. EMI should not exceed 35-40% of take-home. Down payment = 20% minimum. Calculate if you are truly financially ready.
Enter Details
Amount
₹7,000,000
₹1K₹1Cr
Rate
8%
1%36%
Period (years)
20 yrs
1 yr40 yrs
Result
₹0
calculated value
Invested
₹0
Returns
₹0
Return %
0%
Rate
0%

Frequently Asked Questions

How much home can I afford in India?+
Standard guideline: home price = 4-5x annual gross income. On ₹15L annual income, affordable home = ₹60-75L. EMI rule: max 40% of monthly take-home. On ₹1.2L/month take-home, max EMI = ₹48,000, supporting ₹50-55L loan at 8.5% for 20 years.
How much down payment do I need in India?+
Banks finance 75-90% of property value. You need 10-25% down payment plus registration (5-7%) and stamp duty (3-8% by state). For ₹70L apartment: bank loan ₹56L, down payment ₹14L, plus ₹4-5L charges = ₹18-19L upfront cash needed.