How Much House Can I Afford Based on My Salary?
Find out how much house you can safely afford in India.
How Much House Can You Safely Afford?
Home affordability shows the house price you can afford without straining your monthly finances or sacrificing essential investments.
This calculator follows safe EMI-to-income principles used by Indian lenders and advisors.
Your Financial Details
Enter your current financial situation to get a safe affordability estimate.
20 years
Enter your details to see your safe home affordability range.
How Home Affordability Is Determined
True home affordability isn't just about qualifying for a loan; it's about what you can comfortably pay each month without compromising your lifestyle or financial future. This calculator determines a "safe" house price by considering:
- Your monthly take-home income.
- Your existing financial commitments (other EMIs).
- Your ongoing investments (like SIPs).
- A safe EMI-to-Income ratio to prevent financial strain.
How This Calculator Works
This calculator works backwards from what is financially healthy for you:
- It first calculates your available monthly surplus after deducting existing EMIs and investments from your income.
- It then determines a "safe" EMI amount based on this surplus, ensuring you have a cushion for living expenses.
- From this safe EMI, it calculates the maximum loan you can afford.
- Finally, it adds your down payment to this loan amount to give you the safe, stretch, and risky property price ranges.
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Frequently Asked Questions