# How Much Home Loan Can I Afford? Home Budget Calculator > How much home loan can I afford? Enter take-home pay, current EMIs and savings to see a comfortable home price, loan, EMI and the cash you need upfront. Source: https://trykosh.com/tools/home-affordability-calculator Free tool - Loans and credit cards # How much home loan can I afford? A bank may lend you more than you should borrow. Set the EMI you're comfortable with, add your savings, and see the home price that fits. Rules checked 25 October 2026Free - no sign-upRuns in your browser Home you can afford INR 87.98 lakh INR 87,97,991 with a INR 69.14 lakh loan EMI**INR 60,000** Down payment**INR 18,84,141** Stamp duty and costs**INR 6,15,859** Loan **INR 69,13,850**Down payment **INR 18,84,141**Buying costs **INR 6,15,859** EMI budget INR 60,000 Loan that EMI supports INR 69,13,850 Your savings INR 25,00,000 Home price INR 87,97,991 Loan (78.6% of price) INR 69,13,850 Cash you put in INR 25,00,000 Your income is the limit. Your savings could cover a bigger down payment, but the EMI on a larger loan would cross your comfort level. ## Upload your statement and Kosh does this for you. Upload a bank or card statement and Kosh finds every EMI and card charge, then builds the fastest way out of debt that still fits your month. [Start free](/signup?via=tool-home-affordability-calculator) ## How the home affordability calculator works Start with your household's monthly take-home pay and the share you're comfortable putting towards EMIs. Lenders may allow 50% or more; 30 to 40% leaves room for savings, insurance and surprises. EMIs you already pay are taken off first. That EMI, at your loan rate and tenure, sets the largest loan your income supports. Your savings then have to cover the down payment and the buying costs: stamp duty, registration and other charges, which banks don't fund and which vary by state. RBI also limits the loan to 90% of the property's value for loans up to INR 30 lakh, 80% up to INR 75 lakh and 75% above. The calculator finds the highest home price where the loan stays within both your EMI budget and RBI's limit, and your savings cover the rest. The note tells you which limit binds. If it's your savings, putting more aside does more than a raise; if it's your income, a co-borrower or a longer tenure helps more. Max price p such that p x (1 + costs %) − min(PV of EMI budget, RBI LTV limit at p) ≤ savings EMI budget take-home pay x comfortable share − existing EMIs Costs % stamp duty, registration and other buying costs ## Worked example: Aditi and Varun in Pune Aditi and Varun take home INR 2.2 lakh a month together and already pay a INR 12,000 car EMI. They want total EMIs at no more than 35% of pay, which leaves INR 65,000 for a home loan. At 8.5% over 20 years that supports a INR 74.9 lakh loan. With INR 40 lakh saved and 6% for stamp duty and costs, they can afford a home of about INR 1.08 crore, putting in INR 33,49,622 as down payment and INR 6,50,378 for costs. Home you can afford INR 1.08 crore INR 1,08,39,627 with a INR 74.9 lakh loan EMI**INR 65,000** Down payment**INR 33,49,622** Stamp duty and costs**INR 6,50,378** Loan **INR 74,90,005**Down payment **INR 33,49,622**Buying costs **INR 6,50,378** EMI budget INR 65,000 Loan that EMI supports INR 74,90,005 Your savings INR 40,00,000 Home price INR 1,08,39,627 Loan (69.1% of price) INR 74,90,005 Cash you put in INR 40,00,000 Your income is the limit. Your savings could cover a bigger down payment, but the EMI on a larger loan would cross your comfort level. [Load this example into the calculator ->](?income=220000&existing=12000&emiPct=35&savings=4000000&stampPct=6#calculator) ## Good to know - Keep six months of expenses as an emergency fund outside your down payment savings. Don't empty it to buy a bigger home. - Budget for furnishing, moving, society deposits and any GST on under-construction property (not charged on ready-to-move homes with a completion certificate). - A floating-rate loan's EMI or tenure can rise if rates go up. Leave some headroom in the EMI share you choose. - Check what the bank would actually lend with the home loan eligibility calculator; this page tells you what is comfortable, which may be less. ## Frequently asked questions How much home loan can I afford on my salary? A comfortable guide is an EMI of 30-40% of take-home pay, minus EMIs you already pay. At 8.5% over 20 years, every INR 10,000 of monthly EMI supports roughly INR 11.5 lakh of loan. How much should I save before buying a house? At least the down payment, which is 10-25% of the price depending on the loan size under RBI rules, plus stamp duty, registration and other costs of around 5-8% in many states, plus an emergency fund. Is it better to take a bigger loan or make a bigger down payment? A bigger down payment means a smaller loan, lower EMI and less interest. But don't use your emergency fund for it. If your savings are the limit, waiting a little longer to save more can raise your budget the most. Does a co-applicant increase how much I can afford? Yes, their income adds to the EMI budget and their savings to the down payment. Both become responsible for the loan, so it should be someone you're sharing the home with. ## Sources and assumptions - [Reserve Bank of India](https://www.rbi.org.in/) Rules and rates last checked on 25 October 2026. Results are estimates for planning and education, not tax, legal or investment advice. Kosh is an educational financial planning tool by Primedepth Labs. It is not a SEBI-registered investment adviser and does not offer personalised investment advice, hold your money or execute trades. 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