House Affordability Calculator
Find the maximum home loan and property value you can afford from your income, EMIs, rate and tenure.
Formula last reviewed 4 August 2026 · How we verify our calculators
Max property value
- Max home loan
- ₹57,61,542
- Max affordable EMI
- ₹50,000
- Down payment needed
- ₹14,40,385
Updates live as you type
Frequently asked questions
Lenders typically cap your total EMIs at around 40% of income. This tool finds the EMI you can take on, the loan that supports, and the property value once your down payment is added.
It is the share of monthly income that can go toward loan EMIs. A common ceiling is 40%, including any existing EMIs, which are subtracted here.
A larger down payment lets you buy a costlier property for the same loan, since property value = loan ÷ (1 − down payment %). It also reduces interest paid.
It is closely related. Banks also weigh credit score, job stability and age, so your sanctioned amount may differ. Use this as a realistic planning estimate.
Working backward from income to a property price tag
A ₹1,50,000 monthly income with ₹10,000 in existing EMIs, under a 40% EMI-to-income ceiling, leaves an affordable EMI of (1,50,000 × 0.40) − 10,000 = ₹50,000. Invert the standard EMI formula at that payment, an 8.5% rate and a 20-year tenure, and the maximum loan comes to roughly ₹57,61,542. Add a 20% down payment on top — since the loan only covers the remaining 80% of the price — and the maximum property value within reach is about ₹72,01,927, requiring a down payment of roughly ₹14,40,385.
Why this runs the EMI formula backward instead of forward
Most EMI calculators go one direction: loan amount in, monthly payment out. This one starts from what you can actually afford to pay each month and solves for the loan that payment supports — which is the more useful question before house-hunting, when the property price is still unknown and the real constraint is your income. Existing EMIs get subtracted from the affordable ceiling first, since a lender is evaluating your total monthly debt obligation, not just the new home loan in isolation.
The down payment is the lever most buyers underuse
A bigger down payment lets you target a costlier home for an identical EMI, because the loan only needs to cover the remaining percentage of the price — and it cuts total interest paid over the loan's life as a side effect. Tenure and rate matter too: a longer tenure raises the affordable property value for the same EMI, but it isn't a free lunch — the lifetime interest paid grows substantially in exchange, so stretching the tenure buys more house at a real long-term cost, not at no cost.
This is a planning estimate, not a loan sanction. Banks also weigh credit score, age, job stability and existing liabilities when actually sanctioning a loan, so real eligibility can differ from this figure in either direction. Pair it with the stamp duty calculator to budget the full purchase, registration charges included, since those sit on top of the property value calculated here.