How much house can you actually afford?
Affordability calculator
What price can you actually sign for?
Property price you can support
₹90 L
₹72 L loan · ₹62,500 a month · ₹24 L cash up front
Your income is the limit here. You have enough cash for the down payment on a larger home, but not the EMI for it.
How this was worked out
- Net monthly income
- ₹1,25,000
- Lender allows EMIs up to 50% of income
- ₹62,500
- Less: EMIs you already pay
- ₹0
- EMI you can put on a home loan
- ₹62,500
- Loan at 8.50% over 20 years
- ₹72,01,927
- Down payment at 20% of price
- ₹18,00,482
- Property price this supports
- ₹90,02,409
- Registration costs on top
- ₹5,94,159
- Cash you need before you get the keys
- ₹23,94,641
- Monthly EMI at this price
- ₹62,500
The loan that EMI can service.
Lenders fund a share of the agreement value only.
Stamp duty, cess, surcharge and registration in Karnataka — roughly 6.60% of the price, and no lender funds it. Rates as of 2026-08-01; verify before transacting.
Down payment plus registration. Interiors, brokerage and GST on an under-construction unit are extra.
Your numbers
Household take-home. Adding a co-applicant's income here is exactly what a lender does.
Car, personal and education loans, plus credit-card minimums. Lenders count all of them.
Down payment and registration both come out of this. Nothing here is funded by the loan.
Assumptions — change any of these
Your sanctioned rate depends on your credit profile and the lender's policy on the day.
RBI caps housing-loan LTV by ticket size. 80% is the usual working assumption above ₹30 L.
Lenders typically work in a 40–60% band, higher for higher incomes. This one assumption moves the answer more than any other.
Where the property is
Changes the stamp-duty surcharge only. Karnataka rates as of 2026-08-01 — verify before transacting.
What this means for you
On these numbers you can look seriously at homes up to ₹90 L — an EMI of ₹62,500 a month, and ₹24 L of your own money on the table before you get the keys. Above that price you need a bigger down payment, a longer tenure, or a co-applicant.
How this calculator works
There are two separate ceilings on what you can buy, and the lower of the two is your real budget.
The first is income. A lender takes your net monthly income, applies a FOIR — the share of that income all your EMIs are allowed to occupy — and subtracts the EMIs you already pay. What is left is the EMI available for a home loan. Run that EMI backwards at an assumed interest rate and tenure and you get the loan amount. Divide by the loan-to-value ratio and you get a property price.
The second is cash. Whatever the lender does not fund, you fund. On an 80% loan-to-value that is 20% of the price as down payment, plus stamp duty, cess, surcharge and registration on top — roughly another 6.6% in urban Karnataka. A sanction you cannot fund the down payment on is not affordability; it is a disappointment with paperwork. This page checks both ceilings and tells you which one is binding.
The numbers that move the answer most
FOIR. Moving it from 40% to 60% changes your budget by half. It is the single most powerful input on this page and the one buyers most often never hear about. Different lenders will give you different answers on the same salary for exactly this reason.
Existing EMIs. A ₹25,000 car EMI does not reduce your home budget by ₹25,000 — it reduces it by the entire loan that ₹25,000 could have serviced, which at 8.5% over 20 years is close to ₹29 lakh. Closing a small loan before applying is often worth more than a raise.
Tenure. Stretching from 20 to 30 years raises the price you can reach by roughly an eighth and raises lifetime interest considerably more. Both effects are real; the calculator shows you the second one so the first is not the only thing you see.
Loan-to-value. The RBI caps housing-loan LTV by ticket size, and lenders apply their own tighter policies on top. 80% is the usual working assumption on loans above ₹30 lakh, but plots, resale and self-employed profiles are often funded lower.
What this calculator deliberately does not do
It does not tell you what you should spend. It tells you the outer edge of what the arithmetic permits, and buying at the outer edge means every rate hike, every job change and every hospital bill lands on a budget with no slack in it. Many people are happier at 75–80% of the number this page produces.
It also does not name a bank, quote a rate offer, or promise you an approval. Your sanctioned rate and tenure depend on your credit score, employment profile and the lender’s policy on the day you apply. Take this number to a lender as a starting position, not as a result.
Once you have a figure, the useful next steps are the registration bill so you know the cash you need on the day, and the total cost of ownership so you know what the years after that look like. Rates used for registration costs here are Karnataka rates as last reviewed on 2026-08-01; verify before you transact.
Common questions
How much house can I afford on a ₹1 lakh monthly salary?
At a 50% FOIR, a lender would allow about ₹50,000 a month across all your EMIs. If you have no other loans, that EMI supports roughly ₹58 lakh of home loan at 8.5% over 20 years, which at 80% loan-to-value points to a property of about ₹72 lakh. You would need roughly ₹14.5 lakh as down payment plus another ₹4.8 lakh for stamp duty and registration in urban Karnataka. Change the rate, tenure or FOIR on this page and the answer moves — that is the point of the sliders.
What is FOIR and why does it decide my budget?
FOIR is the Fixed Obligation to Income Ratio: the share of your monthly take-home pay that a lender is willing to let all your EMIs consume. Lenders typically work in a 40–60% band, tightening it for lower incomes and loosening it for higher ones. It is a policy number, not a law, and it differs between lenders. It matters more than the interest rate because it sets the ceiling before any other calculation begins.
Does the home loan cover stamp duty and registration?
No. Lenders fund a percentage of the agreement value only. Stamp duty, cess, surcharge, registration fees, GST on an under-construction unit, brokerage and interiors all come out of your own pocket, on top of the down payment. In urban Karnataka the registration bill alone runs to roughly 6.6% of the property value, so on a ₹1 crore home that is about ₹6.6 lakh of cash nobody lends you.
Should I use my gross salary or my take-home pay?
Take-home. Lenders work off what actually lands in your bank account after tax and deductions, not your CTC. Using CTC is the single most common way people overestimate their budget by 20–30%.
Does adding a co-applicant increase what I can afford?
Usually yes. Lenders add a co-applicant's income to the FOIR calculation, which raises the EMI they will allow and therefore the loan. It also adds their existing EMIs. If you want to model that here, enter the combined take-home income and the combined existing EMIs.
Is a longer tenure a good way to afford more?
It raises the price you can reach, and it raises total interest, and both of those are true at once. A 30-year loan buys you a bigger home and costs you substantially more over its life. Move the tenure slider and watch the total interest in the breakdown before you decide.
Before you rely on this
This is a calculator, not financial advice. Pinly is not a lender, a broker or a tax adviser. The numbers here follow the assumptions you set on this page — change an assumption and the answer changes.
Stamp duty, cess, surcharge, registration fees and GST are set by the state and change with state budgets. The rates used here are Karnataka rates as last reviewed on 2026-08-01. They are not a live feed. Confirm the current figure on the Kaveri portal or with the jurisdictional sub-registrar before you transact.
We do not name banks, quote interest-rate offers or promise an approval. Your sanctioned rate, tenure and eligibility are the lender’s decision, based on your credit profile and their policy on the day.
Project prices on Pinly are demonstration data for this prototype and do not describe a real project or a real registration.