Home Affordability Calculator
Home Affordability Calculator is free to use. Enter your figures below and the result updates as you type. Use it for planning; it is an estimate, not advice.
About the Home Affordability Calculator
Max EMI = 40% of gross monthly income − existing debts. Max loan = PV of that EMI over the term. Price = loan + your down payment.
Lenders also look at credit history and other factors.
How to use the Home Affordability Calculator
- Enter each figure in the boxes above, using the same currency and time units.
- The result updates as you type. Press Calculate to refresh it at any time.
- Change one figure at a time to see how much it moves the result.
Frequently asked questions
What is the Home Affordability Calculator used for?
Lenders also look at credit history and other factors.
How accurate is the Home Affordability Calculator?
It applies standard formulas to the figures you enter. Real results depend on actual rates, fees, taxes and timing, so treat the output as an estimate and confirm with your bank or adviser.
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