Find the home price that fits your monthly budget, based on your income, existing EMIs and down payment.
Use your take-home pay. Self-employed? Use your average monthly income.
Add only if they will apply for the loan with you.
Indicative starting rates, checked on 16 September 2026. Rates can change, and your rate may be different depending on your CIBIL score and profile. These are shown for comparison only. We are not linked to these lenders. For the exact rate, please check with your preferred bank.
Enter your details and tap Calculate affordability.
Your home price is your home loan plus your down payment.
Your home budget will appear here once you calculate.
A lower home price means a lower EMI and more money left each month.
| Home price | Home loan | Home loan EMI | Total EMIs | Money left |
|---|---|---|---|---|
| Calculate first to compare home prices. | ||||
Based on a down payment of ₹20,00,000, 7.5% interest and 20 years. "Money left" is your monthly income minus all EMIs, before household costs. The stretch row is for comparison only.
See what happens to your estimated home budget if you change one thing.
| Down payment | Home budget | Home loan |
|---|---|---|
| ₹10 lakh | ₹50 lakh | ₹40 lakh |
| ₹20 lakh | ₹69.65 lakh | ₹49.65 lakh |
| ₹30 lakh | ₹79.65 lakh | ₹49.65 lakh |
| ₹40 lakh | ₹89.65 lakh | ₹49.65 lakh |
Based on a monthly income of ₹1,00,000, existing EMIs of ₹0, a down payment of ₹20,00,000, 7.5% interest and 20 years. Your current choice is highlighted.
To see the full repayment schedule for your loan, use the Home Loan EMI Calculator.
Example: 40% of income for EMIs, 7.5% interest, 20-year tenure, no existing EMIs and a single earner.
The home price assumes a down payment of 20% of the price, or 25% when the loan is above ₹75 lakh, in line with RBI limits on how much banks can lend.
Tap any row to use those numbers in the calculator.
| Monthly income | EMI budget (40%) | Home loan | Home price |
|---|---|---|---|
| ₹25,000 | ₹10,000 | ₹12.41 lakh | ₹15.52 lakh |
| ₹30,000 | ₹12,000 | ₹14.89 lakh | ₹18.62 lakh |
| ₹35,000 | ₹14,000 | ₹17.37 lakh | ₹21.72 lakh |
| ₹40,000 | ₹16,000 | ₹19.86 lakh | ₹24.83 lakh |
| ₹45,000 | ₹18,000 | ₹22.34 lakh | ₹27.93 lakh |
| ₹50,000 | ₹20,000 | ₹24.82 lakh | ₹31.03 lakh |
| ₹60,000 | ₹24,000 | ₹29.79 lakh | ₹37.24 lakh |
| ₹75,000 | ₹30,000 | ₹37.23 lakh | ₹46.54 lakh |
| ₹80,000 | ₹32,000 | ₹39.72 lakh | ₹49.65 lakh |
| ₹90,000 | ₹36,000 | ₹44.68 lakh | ₹55.85 lakh |
| ₹1,00,000 | ₹40,000 | ₹49.65 lakh | ₹62.07 lakh |
| ₹1,25,000 | ₹50,000 | ₹62.06 lakh | ₹77.58 lakh |
| ₹1,50,000 | ₹60,000 | ₹74.47 lakh | ₹93.09 lakh |
| ₹2,00,000 | ₹80,000 | ₹99.3 lakh | ₹1.32 crore |
| ₹2,50,000 | ₹1,00,000 | ₹1.24 crore | ₹1.66 crore |
| ₹3,00,000 | ₹1,20,000 | ₹1.49 crore | ₹1.99 crore |
Eligibility is how much a bank may lend you.
Affordability is the home price that fits within the EMI limit you set for your monthly budget.
| Eligibility | Affordability |
|---|---|
| How much a lender may approve | What home price fits your budget |
| Based on lender rules | Based on your income, EMIs and savings |
| Often allows about 50% of income for EMIs | Uses 40% as a planning limit |
| Does not mean you should borrow the maximum | Helps you set a home budget you can live with |
Want to know how much a bank may lend you?
Check the Home Loan Eligibility Calculator.
Your down payment is not the only cash you may need.
You may also need money for:
These costs are not included in the home price above.
Keep separate savings for them.
Plan all the cash you need with the Home Loan Down Payment Calculator.
This calculator does not check:
It does not know your full household budget, so the result is a planning estimate, not a loan approval.
Check the final amount and terms with your lender.
The EMI calculation uses the standard reducing-balance method.
Take about 40% of your monthly take-home income as your total EMI budget, subtract any existing EMIs, and work out the loan that EMI can repay.
Add your down payment to get your home budget.
This calculator does all of this for you.
With 40% of income for EMIs, 7.5% interest, 20 years, no existing EMIs and a 20% down payment, a ₹50,000 monthly income supports a home of about ₹31.03 lakh.
That is a loan of about ₹24.82 lakh plus a down payment of about ₹6.21 lakh.
Under the same assumptions, a ₹1 lakh monthly income supports a home of about ₹62.07 lakh, with a loan of about ₹49.65 lakh.
Yes.
Existing EMIs come out of the same EMI budget.
With ₹1 lakh income and ₹20 lakh down payment, a ₹10,000 existing EMI lowers the estimated home budget from ₹69.65 lakh to ₹57.23 lakh.
Yes.
Every rupee of down payment adds to the home price you can look at.
In the same example, raising the down payment from ₹20 lakh to ₹30 lakh lifts the home budget from ₹69.65 lakh to ₹79.65 lakh.
No.
Eligibility is how much a bank may lend.
Affordability is the home price that fits within the EMI limit you set.
A bank may approve more than you can comfortably repay.
Check both before you decide.
Many people aim to keep all EMIs within about 40% of take-home income, so there is room for household costs and savings.
Banks may allow up to about 50% or more, but that can feel tight.
This is a planning guide, not a rule.
Yes.
A longer tenure lowers the EMI per lakh, so the same budget supports a bigger loan.
In our example, moving from 20 to 30 years lifts the home budget from ₹69.65 lakh to ₹77.2 lakh.
But you pay much more interest over the loan.
Yes.
At a higher rate, the same EMI repays a smaller loan.
In our example, a rate of 8.5% instead of 7.5% lowers the home budget from ₹69.65 lakh to ₹66.09 lakh.
If your loan is on a floating rate, it helps to keep some room in your budget.
No.
The home price here is only the loan plus your down payment.
Stamp duty, registration and other buying costs are extra, so keep separate savings for them.
Yes.
Enter your average monthly income after business expenses, the amount you actually take home.
Lenders usually check 2 to 3 years of income records, such as ITRs and bank statements, so their figure may differ.
No.
This is a planning estimate.
A lender will check your credit history, income documents, age, the property and its own rules before deciding.
This calculator gives a planning estimate based on the numbers you enter.
It does not check your credit report or your eligibility with any lender.
Last updated: 3 October 2026
EMICalculate.in is an independent calculator website.
We are not a bank, NBFC or loan agent.
We do not collect the numbers you enter in this calculator.
This page provides general information and is not financial advice.