You Can Afford
$275,000
Maximum Home Price
Calculate how much house you can afford based on your income, debts, and savings with comprehensive DTI analysis
You need $35,250 more in savings.
Find out how much house you can afford before you start viewing. This home affordability calculator uses your income, existing EMIs or debts, down payment, interest rate and tenure to estimate the maximum home price and loan amount banks will approve, and the monthly payment that keeps you comfortable.
It applies lender rules such as FOIR (fixed-obligation-to-income ratio) in India and the 28/36 debt-to-income guideline in the US and UK, and shows conservative, moderate and aggressive budgets so you can choose a margin of safety.
Lenders typically allow total EMIs of 40–50% of net income. On ₹1.5 lakh a month with no other loans, that supports an EMI of about ₹60–75k — roughly a ₹70–85 lakh loan at 8.5% over 20 years.
Housing costs should be under 28% of gross income and all debt payments under 36%. It is the default guideline for the US/UK modes.
It lowers the loan (and EMI), can secure a better rate, avoids mortgage insurance, and in India most lenders finance only 75–90% of the property value anyway.
Yes — every existing EMI (car, personal, credit card minimums) counts against the debt ratio, which is why the calculator asks for them.
Enter them as upfront costs; they reduce the cash available for the down payment and are shown in the purchase budget.