Affordability calculator
How much you can borrow, and what a lender will actually approve.
Income
Rs
Rs
Leave at zero if you are buying alone.
Rs
Car finance, credit cards, personal loans and any other fixed repayment.
Deposit and terms
Rs
33.5% of the price you can reach
How hard to push
What most lenders treat as comfortable.
You could buy up toRs 14,907,119
Capped by what you can service each month.
- BorrowingRs 9,907,119
- MonthlyRs 125,000
- LTV66%
33%Of income on housingSBP debt burden ratio cap, 50% of net income
- Cash you needRs 5,894,427Deposit plus Rs 894,427 of costs
- Left each monthRs 335,000After the mortgage and other commitments
- Loan to income1.65xNo formal cap in this market
- Interest over the termRs 20,092,881On Rs 9,907,119 borrowed
Your deposit does not cover the upfront cash
You are short Rs 894,427 once transfer taxes and fees are counted. Either save more or aim at a price around Rs 1.31 crore.
Passes the stress test
At 16.25% the payment becomes Rs 139,695, which is 36% of income. That leaves Rs 70,305 of headroom against the lender ceiling.
Three ways to play it
Where the money goes
- MortgageRs 125,000
- Other commitmentsRs 40,000
- Everything elseRs 335,000
Based on Rs 500,000 of household income each month.
A longer term buys more house
| Term | Price you reach | Borrowing | Monthly | Interest paid |
|---|---|---|---|---|
| 10 years | Rs 12,973,306 | Rs 7,973,306 | Rs 125,000 | Rs 7,026,694 |
| 15 years | Rs 14,269,011 | Rs 9,269,011 | Rs 125,000 | Rs 13,230,989 |
| 20 years | Rs 14,907,119 | Rs 9,907,119 | Rs 125,000 | Rs 20,092,881 |
| 25 years | Rs 15,221,374 | Rs 10,221,374 | Rs 125,000 | Rs 27,278,626 |
| 30 years | Rs 15,376,138 | Rs 10,376,138 | Rs 125,000 | Rs 34,623,862 |
| 35 years | Rs 15,452,357 | Rs 10,452,357 | Rs 125,000 | Rs 42,047,643 |
Deposit milestones
| Deposit | Amount needed | Still to save |
|---|---|---|
| 10% | Rs 1,490,712 | Reached |
| 15% | Rs 2,236,068 | Reached |
| 20% | Rs 2,981,424 | Reached |
| 25% | Rs 3,726,780 | Reached |
| 30% | Rs 4,472,136 | Reached |
BudgetRs 1.49 croreRs 125,000 a month
About this calculator
Turn income, existing commitments and deposit into a realistic purchase budget, then stress test it against a higher rate the way a lender would. Checked against the debt burden ratio banks apply. Checked against the loan to income cap lenders apply.
Lender rules vary. Treat this as a planning figure and get a decision in principle before you offer.