Reviewed by Nas, PropyMart AI · AI Property Advisor · Last updated 2026-05-23
Affordability Calculator tells you the maximum property price you can comfortably target based on your monthly income, existing EMI commitments and available down payment. Uses the standard 40% FOIR cap and 80% LTV assumption — the same constraints lenders use to size your home-loan sanction.
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| Feature | Affordability (this page) | EMI Calculator | Loan Advisor | Tax Calculator |
|---|---|---|---|---|
| Primary output | Max property price | Monthly EMI | Bank shortlist | — |
| Best for | How much can I afford? | What will my EMI be? | Which bank should I pick? | — |
| India-specific | 40% FOIR + existing EMIs | Bank rates | 8 banks compared | — |
At 40% FOIR, 8.5% interest and 20-year tenure: ~₹46 lakh home loan + 20% down payment = ~₹57 lakh property. Subtract any existing EMIs from the affordability.
Fixed Obligation to Income Ratio = (All EMIs ÷ Net monthly income) × 100. Lenders cap at 40–50% so you have enough buffer for living expenses and unexpected costs.
Minimum 20% of property cost. Adding 10–15% extra reduces EMI burden meaningfully and improves loan-approval odds with a sub-prime credit profile.
Yes — a joint home loan with both incomes can almost double the eligibility, and both partners get tax deductions on interest and principal.
Rental income: 70% counted if reflected in ITR. Bonuses: averaged over 2–3 years, with a 50% haircut. Variable pay is treated conservatively.
Aim for EMI ≤ 35% of net take-home, leaving 5% buffer below the 40% lender cap. This keeps lifestyle, savings and emergency fund intact.
If rent + savings of waiting ≥ 1 year of EMI savings, wait. Otherwise buy — property prices typically appreciate 6–8%/year, outpacing additional savings on a fixed salary.
Yes — budget another 7–10% for stamp duty + registration, 1–2% brokerage, society move-in deposits, registration cost and interior/move-in fit-out.