Home Affordability Calculator India – Budget and EMI
Estimate a home budget from income, existing EMIs, down payment, loan rate and tenure, using an EMI-to-income cap you set and RBI loan-to-value limits.
Reviewed by Kshitij Jain, Principal Officer · SEBI Investment Adviser INA000022172 · Last reviewed: · Methodology: India-first (FY 2026-27 · Budget 2024 LTCG).
₹2.00 L
₹20k
₹20 L
Illustrative home budget
₹89,13,850
Loan about ₹69,13,850 plus the entered down payment, using a 40% total EMI-to-take-home cap. Registration, stamp duty, furnishing, maintenance and emergency reserves are outside this estimate.
Limited by EMI: a new EMI of up to ₹60,000 supports a loan of about ₹69,13,850. The down payment would allow a larger loan under RBI loan-to-value limits.
RBI loan-to-value ceilings: 90% for loans up to ₹30 lakh, 80% above ₹30 lakh up to ₹75 lakh, 75% above ₹75 lakh. A lender may lend less.
Now live
Get the nyvo app
Plan, invest and track your family's money in one place. SEBI-registered.
How to use the Home Affordability calculator
Estimate a purchase ceiling from household cash flow, then subtract costs the loan calculation cannot see.
- Use dependable take-home incomeAvoid counting bonuses or variable income unless it is reliable and documented.
- Enter every existing EMICar, personal, education and other committed payments all reduce room for a home loan.
- Enter usable down paymentDo not include emergency reserves or money needed for registration and moving. RBI loan-to-value limits mean the down payment can cap the budget.
- Stress-test rate and tenureCheck a higher interest rate and a shorter tenure before treating the result as affordable.
Approval is not the household budget
A lender may approve an amount that leaves little room for childcare, retirement saving, medical costs or a career break. This calculator caps total EMIs at a share of take-home income you set (40% to start), then deducts existing EMIs before converting the remainder into a loan estimate. It then checks that loan against the RBI loan-to-value limits for the down payment entered and uses whichever is lower.
The cap is a starting guardrail, not a recommendation. Move the slider to a lower percentage if income is volatile, one partner may stop working, dependants are increasing or other goals are inflexible.
Keep purchase costs outside the down payment
Stamp duty, registration, brokerage, legal checks, furnishing, repairs and moving can require substantial cash. Under-construction homes can also create a period of rent plus EMI. Do not use the emergency reserve as the down payment or assume the property's market value is instantly accessible.
Stress-test before making an offer
Raise the loan rate, shorten the tenure and reduce income in separate runs. Check whether the household can still fund insurance and long-term goals. Compare buying with renting over a realistic holding period, including maintenance and the opportunity cost of the down payment.
This calculator is educational and uses the inputs shown. Read the related terms in the nyvo money glossary and consider regulated advice for decisions that depend on your full finances.
Frequently asked questions
Does the estimated budget include stamp duty and registration?
No. The result is the modelled loan plus the entered down payment. Stamp duty, registration, brokerage, furnishing, repairs, moving and society charges need a separate cash budget.
Why does the EMI cap start at 40%?
It is an explicit planning guardrail for total EMIs, not a lender approval rule, and you can move it between 20% and 50%. A lower cap leaves more room for variable income, dependants, high rent during construction or other major goals.
How do RBI loan-to-value limits affect the budget?
Under the RBI master circular on housing finance, a bank can lend at most 90% of the property value for loans up to ₹30 lakh, 80% above ₹30 lakh up to ₹75 lakh, and 75% above ₹75 lakh, with stamp duty and registration excluded from the value. The calculator takes the lower of the loan your EMI supports and the loan your down payment supports under those limits, and says which one sets the budget.
Is lender eligibility the same as affordability?
No. Eligibility is the amount a lender may approve under its policy. Affordability asks whether the household can still save, insure, handle repairs and absorb income disruption after paying the EMI.
Related tools
Other loan and property calculators you may need.
Home Loan EMI Calculator – Monthly EMI India 2026
Calculate monthly EMI, total interest and the principal/interest mix over your home loan tenor in India. Stress-test prepayments and rate changes.
OpenRent vs Buy Calculator India – 10-Year Cost
Compare the 10-year cost of renting versus buying a home in India: EMI, down-payment opportunity cost, appreciation, maintenance and rent inflation.
OpenHome Loan Prepayment Calculator – Interest Saved
See the interest and time a lumpsum prepayment saves on your home loan. Compare keep-tenor (lower EMI) against reduce-tenor (faster closure).
OpenEmergency Fund Calculator India – Months and Target
Estimate an emergency reserve from essential monthly expenses, the months of cover you choose and your dependants. It prioritises access, not return.
OpenCalculators are educational estimates, not guarantees or personalised recommendations. Investment in securities markets is subject to market risk. Past performance does not guarantee future returns. Verify current product, tax and regulatory information before acting.