Property Affordability Calculator
The honest 'how much house can I buy' number, factoring in down payment, stamp duty, registration, and a sane FOIR cap.
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On ₹1 lakh monthly take-home with ₹15 lakh available for down payment, a sane purchase is a property up to ₹46.33 lakh. That requires a home loan of ₹34.57 lakh (EMI ₹30,000/month), down payment of ₹15 lakh, plus ₹3.24 lakh for stamp duty + registration.
- Maximum sane property price
- ₹46.33 lakh
- Sane monthly EMI
- ₹30,000
- Home loan required
- ₹34.57 lakh
- Stamp duty + registration
- ₹3.24 lakh
- Loan-to-value ratio
- 75%
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The hidden costs of buying property in India
- Stamp duty: 4-8% of property value, varies by state. Women buyers often get 1% discount.
- Registration: 0.5-2% of property value.
- GST on under-construction: 5% (1% for affordable housing). Ready-to-move resale: zero.
- Brokerage: 1-2% to either side, sometimes both.
- Society maintenance + transfer fee: ₹50,000-₹2 lakh one-time for societies in Mumbai.
- Interior + appliances + curtains + setup: realistically 5-10% of property value over the first 2 years.
The honest rule of thumb
Property price should be 4-5x your annual take-home, not the 7-10x most developer marketing suggests. Down payment of 25-30% protects you from being "underwater" if the market dips. EMI under 35% of take-home keeps the rest of your life functional. The house you buy at the limit of these rules works for 30 years. The house at the bank's eligibility limit usually does not.